News Corporation is to take full control of ESPN Star Sports (ESS), after reaching an agreement with Disney-owned ESPN to buy-out its 50% equity stake in the company. News Corp will take full
control of ESS, after buying the stake that it does not already own. As a result, it will own and operate all of the ESS businesses and boost its presence in Asia. The transaction is subject to
regulatory approval. ESS will continue to be jointly managed by the two companies until the transaction is completed.
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