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Latest Satellite News Discussion, Update Premiere: News Corp. waiver granted by BaFin at General Satellite News forum; Premiere: News Corp. waiver granted by BaFin On 30 January 2009, the Federal Financial Supervisory Authority (BaFin) granted News Adelaide ...

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Update Premiere: News Corp. waiver granted by BaFin
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Update Premiere: News Corp. waiver granted by BaFin - 08-February-2009, 12:50

Premiere: News Corp. waiver granted by BaFin

On 30 January 2009, the Federal Financial Supervisory Authority (BaFin) granted News Adelaide Holdings B.V. and certain affiliated entities, including News Corp. an exemption from the requirement to submit a mandatory takeover offer, if the shareholding of the News Corp.

in Premiere reaches or exceeds 30 percent of the voting rights in connection with the second capital raising as part of the new financing structure. This had been announced by the pay-TV operator on 31 January.
   
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