Murdoch-led group buys pay-per-view TV firm

An Italian pay-per-view television business is to be sold to a group of investors headed by Rupert Murdoch’s News Corporation for €1bn (£646m), it was announced.

Murdoch-led group buys pay-per-view TV firm
Sat, 08 Jun, 2002 - 18:44

An Italian pay-per-view television business is to be sold to a group of investors headed by Rupert Murdoch’s News Corporation for €1bn (£646m), it was announced.

Mr Murdoch, chairman and chief executive of News Corporation, signed the agreement today to acquire Telepiu from the global media company Vivendi Universal.

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