The transaction gives News Corp full ownership while "providing ESPN more independence and flexibility in future support of The Walt Disney Company’s overall efforts in Asia", according to a statement.
ESPN to sell stake in Star Sports to News Corp
ASIA-PACIFIC - ESPN and News Corp have announced a definitive agreement under which ESPN will sell its 50 per cent stake in ESPN Star Sports (ESS) to a unit of News Corp, ending a 16-year partnership.
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