About This Deal
News Corporation acquired Wireless Group plc (talkSPORT) for ~GBP220 million (~US$285 million) equity; US$308 million total transaction value, a transaction announced in September 2016.
Acquired the operator of talkSPORT and a portfolio of U.K./Ireland radio stations at 315 pence per share, broadening News Corp's U.K. media services and aligning with The Sun and The Times.
Acquired the operator of talkSPORT and a portfolio of U.K./Ireland radio stations at 315 pence per share, broadening News Corp's U.K. media services and aligning with The Sun and The Times.
Deal Terms
Acquirer
News Corporation
Target
Wireless Group plc (talkSPORT)
Value
~GBP220 million (~US$285 million) equity; US$308 million total transaction value
Date
September 2016
Type
Full acquisition
Status
Completed
Transaction Details
Announced
September 2016
In Their Words
Wireless Group operates talkSPORT, the leading sports radio network in the U.K., and a portfolio of radio stations in the U.K. and Ireland.
Advisors
Advisory firms were not disclosed for this transaction.
Related Deals & Entities
Sources:
Press release ↗
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