Sunday, May 6, 2007

UPDATE 1-News Corp sells 7.5 pct stake in Fairfax

(Reuters) - "Yes, we have sold all our shares in Fairfax," a Sydney-based News Corp spokesman said.

A parcel of 75 million shares valued at A$381 million was sold to institutional investors by Goldman Sachs JBWere earlier Monday at A$5.07 per share, sources familiar with the transaction told Reuters.


Read more at Reuters.com Mergers News

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