Murdoch offers his troubled UK newspaper chain to Chelsea boss Abramovich

   Mar 21, 5:04 pm

London, Mar 21 (ANI): Media tycoon Rupert Murdoch has reportedly asked Russian billionaire and owner of Chelsea Football Club, Roman Abramovich, if he would like to buy his embattled British newspaper group.

According to The Telegraph, Murdoch, who seems to be thinking that his newspapers are now proving a lot more trouble than they are worth, asked Abramovich whether he would be interested in acquiring his whole stable from The Sun to The Times.

Abramovich politely heard Murdoch out, but chose not to take things forward, the report said.

Spokesmen for Murdoch and Abramovich vehemently denied the story.

According to the paper, there exists a precedent in wealthy Russians acquiring newspapers, with Alexander and Evgeny Lebedev's purchase of The Independent titles and the London Evening Standard freesheet.

Murdoch, Chairman and CEO of News Corporation, is a pauper compared with Abramovich.

The Russian tycoon is the 68th richest person in the world, according to the 2012 Forbes list, with an estimated fortune of 12.1billion dollars.

Forbes has placed Murdoch at 117th place, with a net worth of 7.6 billion dollars. (ANI)

Viacom acquires 50 percent stake of Prism TV group Jul 31, 5:41 pm
New York/Mumbai, July 31 (ANI): Reliance Industries Limited-owned Viacom Inc. today announced the acquisition of a 50 percent stake in Prism TV Private Limited for 9.4 billion rupees (Approximately USD 153 million).
Full Story
Telangana IT minister to launch Techwave's USD 5 m global delivery center Jul 31, 4:56 pm
Hyderabad, July 31 (ANI-Businesswire India): Telangana's IT Minister K.T. Rama Rao will formally inaugurate
Full Story
Insurance company valuations remain an enigma, reveals CII-Towers Watson study Jul 31, 4:36 pm
New Delhi, July 31 (ANI): With the government increasing the FDI limit to 49 percent, there is a keen sense of anticipation within the Indian insurance industry that is expecting a flush of foreign investment in the sector.
Full Story
Delhi to have specialised retail shopping areas: Satyendar Jain Jul 31, 4:28 pm
New Delhi, July 31 (ANI): Delhi's Minister of Industry, Health and Power, Satyender Jain, while inaugurating the CII Delhi Retail Summit here, said there is a need for Delhi to have specialised shopping zones for different products to enhance the overall shopping experience in the city.
Full Story
Comments

LATEST STORIES
TOP VIDEO STORIES
PHOTO GALLERY