News Corp., Permira Finalize Agreement To Take DRM Firm NDS Private

Back in June, News Corp (NYSE: NWS). announced, along with PE firm Permira, plans to acquire the remaining share of DRM and conditional access firm NDS, that it did not already own. The original offer was $60 per NDS share, or $3.6 billion in total. Today the companies have announced a final agreement, valuing NDS’ NASDAQ-traded shares at $63 each. Subsequent to closure, Permira will own 51 percent of the company, with News Corp. owning the remaining 49 percent. Full details in the release.

loading

Comments have been disabled for this post