News Corp sells bonds to fund operations
China Daily | Updated: 2009-02-12 08:06
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Rupert Murdoch, chairman and chief executive officer of News Corp, speaks at a press conference on day one of the World Economic Forum in Davos in January. Bloomberg News |
Rupert Murdoch's News Corp sold $1 billion in bonds, joining Cisco Systems Inc and Novartis AG in taking advantage of thawing credit markets to refinance debt and raise cash to fund operations.
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