The billionaire’s 21st Century Fox Inc. was trying to purchase global TV rights for cricket matches in India’s top league, one of dozens of bidding processes for sports programming he’s participated in over his decades in the business. But this time he was competing against a new rival — Facebook Inc., which offered $600 million to stream the matches. Fox eventually agreed in early September to pay $2.55 billion for TV and streaming rights for five years. Facebook’s bid for the cricket was a “warning shot” that the digital giant was “coming at sport,” Murdoch said in an interview on Fox Business Network on Thursday. “I left thinking that there might be an opportunity for us to do something with him,” Iger told Bloomberg TV on Thursday.

Source: Mint December 15, 2017 05:37 UTC