Rupert Murdoch bought his daughter Elisabeth’s television production company Shine – makers of MasterChef and Merlin – for £415m on Monday, paving the way for her to take a place on the board of his News Corp media empire.
The deal had been widely anticipated and will enable Ms Murdoch to internationally expand the company she founded in 2001. Shine, which also makes The Tudors, has grown into one of the production powerhouses of the British television sector. As well as making their own television programmes, they also own a handful of other production companies within the UK, including Kudos Film & Television, Princess Productions and Dragonfly.
In 2009 The Shine Group reported revenues of £258m, with projected revenues of £400m in 2010.
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