News Corp. stock solid

Hutchison Whampoa Ltd. and Li family holdings have sold 6.3 million News Corp. American Depositary Receipts, or about 50.2 million ordinary shares, that were partial payment for Hong Kong’s Star TV.

News Corp. bought 63.6% of Star TV in July for $ 525 million.

The sale price of the shares, believed by analysts to be the entire Li holding, hasn’t been disclosed, but at current market value of $ A8.87 ($ 6.03) a share, the transaction is worth $ A444.8 million ($ 302.46 million).

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