Rupert Murdoch’s media giant News Corporation formally became Georgian media holding Imedi’s partner after the two companies signed a final agreement, Imedi television reported on August 16.
“We have completed a several month-long process and signed an agreement on partnership relations with News Corp,” Badri Patarkatsishvili, an owner of Imedi Holding, said in London after signing the agreement.
A preliminary agreement on the purchase of Imedi Holding’s shares was signed by Rupert Murdoch and Badri Patarkatsishvili in New York on April 28. Details of the deal remain confidential.
Imedi Holding unites Tbilisi-based television and radio stations.