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MUMBAI:
Rupert Murdoch's News Corporation is planning to boost its
stake in Germany's biggest pay- television operator Premier
AG.
News
Corp. currently holds 19.9 per cent of Premiere and is expected
to raise its holding to 23 per cent.
News
Corp would hold a majority stake with 23 per cent for Premiere's
June annual meeting based on previous attendance.
Murdoch,
however, is not likely to increase the stake beyond 30 per
cent as News Corp. would then have to offer to take over the
company under German corporate law.
German
news weekly Der Spiegel has published a report saying that
Murdoch is looking to boost his Premiere stake to at least
23 per cent in the coming weeks.
Premiere
offers channels with Hollywood movies, documentaries, drama
and pornography.
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