Rupert Murdoch’s News Corporation has confirmed the agreement to purchase UK TV production company Shine Group.
The two companies will continue to negotiate the terms of the $667 million deal which is also subject to regulatory approval.
The move will bring Shine chairperson and chief executive Elisabeth Murdoch back into News Corp after she departed in 2001.
Shine is responsible for producing MasterChef on Channel Ten in Australia along with The Tudors, which screens on ABC.
Source: B&T
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