China Mobile Paid $164.9 Million To Acquire 19.9% Phoenix Stake

We mentioned last week about China Mobile buying a 19.9 percent stake in Phoenix Satellite Television Holdings, a unit of STAR Group, itself a unit of News Corp. The price then was rumored to be about $130 million, but the actual price is $164.9 million, this story says. Star Group retains a 17.6% stake in Phoenix Satellite.
Related: China Mobile Buys Stake In Phoenix Satellite Television Holdings For Content Partnership

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