News Ltd to sell New Zealand Sky TV stake

New Zealand’s dominant television operator, Sky Network Television, confirmed on Monday that its major shareholder News Corp is to sell its 44 per cent stake.

It confirmed weekend media reports that brokers Deutsche Bank and Craig Investment Partners would handle the sale of the shares to institutional and retail investors.

Sky TV was placed on a trading halt and the disposal of the shares is expected to take two days.

via Business feed http://www.scmp.com/business/companies/article/1175689/news-ltd-sell-new-zealand-sky-tv-stake