Murdoch's News Corp strikes £220m talkSport takeover

Deal brings media mogul back into direct competition with the BBC, says Daily Telegraph

Rupert Murdoch and Jerry Hall
Rupert Murdoch with his wife, Jerry Hall
(Image credit: Adrian Sanchez-Gonzalez/AFP/Getty Images)

Rupert Murdoch's News Corp has struck a £220m deal to buy Wireless Group, the radio broadcaster that owns talkSport.

An all-cash offer, described by Wireless executive chairman Richard Huntingford as an "excellent" outcome, will see each shareholder receive 315p per share. The stock leapt on the news and at one point was up by as much as 70 per cent, from 184.5p to 313.5p.

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