The deal, valued at around $US49 billion, will unite two venerable US companies but excludes Kraft’s global businesses.
News Corp buys a 14.9% share in APN, whose assets include NZME, publisher of the NZ Herald.
[UPDATED] Rupert Murdoch's News Corp has bought a 14.9% stake in APN News & Media
The Australian-born media mogul spoke out at at top-level meeting of ministers and central bankers in Washington DC.
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