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Revision History For: Sky Global Networks - SGN

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News corp. said that it plans to restructure its worldwide satellite units into one entity named Sky Global Networks, and would sell a stake of that unit to the public by the end of the year.

Sky Global Networks, Inc. is the world's leading distributor of pay-TV, offering entertainment and services via satellite.

SGN will include the company's various stakes in British Sky Broadcasting, TV Guide, and NDS Group among others.

Merrill Lynch and Goldman Sachs will lead the offering.

Other possible future investors in SGN include Microsoft, Yahoo, Vivendi Universal, and Liberty Media.