News Corp. and Permira Appoint Independent Committee

MEADVILLE, Pa., Jul 03, 2008 (ASCRIBE NEWS via COMTEX) -- NWS.A | Quote | Chart | News | PowerRating -- The Board of NDS Group confirmed that it has received a proposal from News Corp. and two newly incorporated companies formed by funds advised by Permira as described in that announcement (the Proposed Transaction).

The Board of NDS Group said it has appointed a committee of NDS Group directors who are not directors or executive officers of News Corp. (the Independent Committee) in relation to the Proposed Transaction. The Independent Committee have retained Citigroup Global Markets Limited as their independent financial adviser and Allen & Overy LLP and Weil, Gotshal & Manges LLP as their independent legal advisers to assist in its consideration of the Proposed Transaction.

NDS Group, a majority owned subsidiary of News Corp., supplies open end-to-end digital technology and services to digital pay-television platform operators and content providers.

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