Rupert Murdoch Makes Huge $2.6 Billion Investment In Indian Premier League Cricket

The cutesy headline for Rupert Murdoch's most recent financial adventure is that he put down a "$2.6 billion cricket bet," but the reality reported by CNN Money isn't too far off from that characterization. Murdoch's media company has signed an agreement to spend that amount over the next five years for global television and digital distribution rights for Indian Premier League cricket.

Murdoch's Star India, owned by 21st Century Fox beat out Facebook and Sony earlier this week to reach an...

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