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News Corp boosts buy-back plan to $5bn

News Corp will use $3.2bn of the cash it had stored up for the acquisition of British Sky Broadcasting to boost its share buy-back programme from $1.8bn to $5bn, in Rupert Murdoch's latest dramatic response to a crisis that has weighed heavily on the media group's shares.

Source: Financial Times

http://www.ft.com/intl/cms/s/0/3a320fe2-ac8b-11e0-bac9-00144feabdc0.html

14 2011 | View: 765 | Foreign experience | Printint version
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