Monday, January 12, 2009

NDS Shareholders Approve Privatization Deal

The shareholders of NDS

have approved a scheme under which all of its issued and outstanding NDS A ordinary shares would be cancelled, and approximately 67% of the issued and outstanding NDS B ordinary shares (held by News Corporation) would be cancelled, in each case, for per share consideration of $63.00 in cash.

Completion of the transaction is expected to take place in early February.