News Corp takes full control of Sky Italia | |
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29-09-2004
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Rupert Murdoch's News Corp has taken full control of Sky Italia. The entertainment and media group bought Telecom Italia's 19.9 per cent stake in the pay-TV platform for E88 million. Telecom Italia was previously News Corp's partner in Stream, the Italian satellite-TV operator that merged with Vivendi Universal's former Telepiu subsidiary to create Sky Italia almost two years ago. Meanwhile, Silvio Berlusconi, the Italian Prime Minister, announced he plans to float at least 20 per cent of state broadcaster RAI, by March. | ||
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