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)

CII's launches Village Buddha Project to build strong relation between business and society Aug 1, 6:03 pm
New Delhi, Aug. 1 (ANI): The Confederation of Indian Industry (CII) on Friday launched the Village Buddha Project to build strong relation between business and society.
Full Story
Handloom sector provides employment to many women in Manipur Aug 1, 4:36 pm
Imphal, Aug 1 (ANI): Women in Imphal are earning handsomely by engaging in traditional embroidery work. The credit for this goes to Ranjana Devi, who has been providing training to women in order to make them self-reliant.
Full Story
TMC reaffirms opposition to hike in FDI cap in insurance Aug 1, 2:36 pm
New Delhi, August 1 (ANI): Trinamool Congress (TMC) leader Derek O'Brien reiterated here today that his party will strongly oppose the move to hike the FDI cap in insurance sector from 26 to 49 percent.
Full Story
CII welcomes progressive labour law reforms Aug 1, 1:44 pm
New Delhi, Aug 1 (ANI): The Confederation of Indian Industry (CII) has welcomed the Cabinet nod for Labour Law Reforms in a few important acts as reported in the media today.
Full Story
Comments

LATEST STORIES
TOP VIDEO STORIES
PHOTO GALLERY