Media moghul Rupert Murdoch-owned News Corp has announced plans to privatise its pay TV encryption technology company, NDS Group. Private equity company Permira Advisers stands to gain a $1.77 billion windfall from the deal.
NDS is a UK-based subsidiary which supplies encryption technology and smart cards to News Corp's pay television investments, which include Foxtel, Australia; BSkyB in the UK; and Sky Italia. The encryption and smart cards ensure programs on the pay TV network can be viewed only by paying subscribers.
why are they doing it?
TV viewers all over the world are going digital and this company stands to benefit.
zero debt
high return on equity 18.40