News Corp. Chmn. Rupert Murdoch said company probably won’t launc...
News Corp. Chmn. Rupert Murdoch said company probably won’t launch Sky Global Networks IPO because company probably will be merged into existing public company such as Hughes Electronics, which he is attempting to acquire. Murdoch said in interview with…
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CNBC in Australia he was attempting to wrap up negotiations with U.S. DBS companies in effort to “effect merger with our interests around the world and interests here.” He said “if that happens, there may not be an IPO because we might be merging existing companies.”