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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Telstra Corporation Ltd | ASX:TLSCD | Australian Stock Exchange | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 4.07 | 4.02 | 4.09 | 0.00 | 01:00:00 |
From Jun 2019 to Jun 2024
By Rory Gallivan
LONDON--News Corp (NWSA) and Telstra Corp Ltd (TLS.AU) announced plans to merge their jointly owned pay television company Foxtel into News Corp's FOX SPORTS Australia to create a large Australian sports and entertainment company.
The merger will result in News Corp owning a 65% stake in the new company, with Telstra owning 35%.
The merger will position the new company for a future stock market flotation, News Corp and Telstra said.
News Corp is the parent company of The Wall Street Journal and Dow Jones Newswires.
-Write to Rory Gallivan at rory.gallivan@wsj.com; Twitter: @RoryGallivan
(END) Dow Jones Newswires
August 17, 2017 06:35 ET (10:35 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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