News Corp. Buys Rest of Sky Italia

9/28/2004 5:11 AM Eastern

News Corp. acquired the 19.9% of Sky Italia S.r.l. it didn’t already own from Telecom Italia S.p.A. for 88 million Euros ($108.2 million), the company said Tuesday.

News Corp. now owns 100% of the Italian satellite-TV platform, which has more than 2.7 million subscribers.

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