Your browser is out-of-date!

Update your browser to view this website correctly. Update my browser now

×

NDS Would Go Private Under News Corp. Plan

Rupert Murdoch’s organization is majority shareholder of the conditional access supplier.

Conditional access technology supplier NDS is in the financial news.

Rupert Murdoch’s News Corp., which is now the company’s majority shareholder, proposed at the end of June to take NDS Group Plc private in a transaction financed by private equity firm Permira.

The complex deal would leave News Corp. with a 49 percent stake, and Permira would own 51 percent of NDS, Reuters reported.

“The transaction has been fully negotiated between News Corp., Permira and NDS management,” News Corp. stated. “Permira has completed its due diligence, and all of the third-party financing is in place.” NDS said it appointed a committee of directors to review the deal.

NDS supplies digital technology and services to digital pay-TV platform operators and content providers. It has been on the radar of radio broadcasters as a supplier of conditional access systems for radio under which certain content and features could be locked by broadcasters, to be opened only by users who have permission.

Close