News Corp.'s $670M Shine Deal Clears FTC Hurdle

Law360, New York (March 8, 2011, 5:44 PM EST) -- The Federal Trade Commission granted an early termination Tuesday to its review of News Corp.'s $670 million purchase of Shine Ltd., advancing the New York-based media giant's plan to purchase the television production company from Chairman Rupert Murdoch's daughter.

The FTC said it had accepted the companies' request for an early termination, meaning the agency has completed its antitrust review of the deal and decided not to take any enforcement action during the deal's statutory waiting period.

Rupert Murdoch portrayed the Shine purchase as a way...
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