News Corp increases stake in Premiere to 25.01 %

News Corporation has secured additional shares in leading German pay-TV operator, Premiere AG, increasing its total stake to 25.01 percent, from the earlier holding of 22.7 %.

The recent move has made News Corp a majority stockholder for the Premiere’s June annual general meeting based on previous attendance. Prior to the recent increase, the global media conglomerate in April has boosted its stake to 22.7 percent from 19.9 %.

News Corporation had total assets as of March 31, 2008 of approximately $ 62 billion and total annual revenues of approximately $ 32 billion. The activities of News Corp are conducted principally in the United States, Continental Europe, the United Kingdom, Australia, Asia and the Pacific Basin.

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