Top Deal

NewsCorp are selling down their majority holding in conditional access company, NDS. This is a very profitable company that provides the security for Sky's set top boxes, but they have been held back by their parentage - NewsCorp's rivals are naturally reluctant to let one of their major competitors run their security. The majority shareholder now will be private equity house Premira, who also hold a significant stake in Germany broadcaster ProSiebenSat and UK production company All3Media.

So, a surprising deal in these illiquid times, but a very good one for all the parties involved, I suspect.