News Corp in $1.24bil. Dutch Soccer Deal
News Corp. has acquired a 51% stake in Eredivisie Media & Marketing from owner Endemol for an undisclosed sum. Eredivisie is a joint venture with the Dutch league which owns the remaining 49% stake. The 12-year agreement will require News Corp.’s Fox International Channels to pay $74 million for the 2013-14 season and rising thereafter to $124 million for the final season. Cumulatively, it is a $1.24 billion deal for the rights to the Dutch First Division.
It is unclear whether News Corp. will retain or sell the domestic TV rights.