Comment on News Corp Buys Shine For $673M; Liz Murdoch To Join Board; Will Endemol Be Next On Rupe’s Shopping List?

News Corp Buys Shine For $673M; Liz Murdoch To Join Board; Will Endemol Be Next On Rupe’s Shopping List?

The £415 million price tag is on the low end of what analysts had expected News Corporation to pay for the Brit independent TV company. The deal had been valued at anything up to £700 million ($1.1 billion). News Corp has bought Liz Murdoch’s company on a multiple of 8 times its estimated 2011 profits of £50 million.

 

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