Rupert Murdoch and his News Corp acquire 100% ownership of 20th Century Fox.
The transaction will give Mr. Murdoch, whose News America Corporation publishes The New York Post and other newspapers and magazines, sole control of one of Hollywood’s major film and television production studios within months of his acquisition of six independent television stations from Metromedia Inc.
With this latest purchase, Mr. Murdoch’s News Corporation Ltd., with assets of more than $2 billion at the end of 1984, will have spent $1.6 billion in the last 12 months to acquire 12 trade publications from Ziff-Davis, total ownership of Fox and the six Metromedia stations.
The New York Times
