US private equity firm TPG Capital will pay HK$1.66 billion (US$213.73 million) for 21st Century Fox-controlled Star Entertainment’s remaining stake in a Chinese satellite television operator.
News Corp, whose assets include a stake in Britain’s BSkyB, The Times, The Wall Street Journal, The Sun and other newspapers across the globe, was restructured in 2013, when Rupert Murdoch spun off the more profitable entertainment business.
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