Rupert Murdoch’s News Corp. agreed in principle to buy his daughter’s U.K.-based television production company, Shine Group Ltd., for 415 million pounds ($673 million).
Elisabeth Murdoch is expected to join the board of News Corp. upon completion of the deal, the company said in an e-mailed statement today. The move would bring her back into the fold of her 79-year-old father’s media empire, where she worked until 2000 at pay-TV company British Sky Broadcasting Group Plc.
