In order to defend itself from a hostile takeover bid, the group NEWS CORP (29.5% held by Rupert Murdoch) has decided to offer its shareholders half-price shares in the group to make it prohibitively expensive for any third party to increase their stake beyond 15%. This "poison pill" will break up the NEWS CORP capital and therefore make any hostile takeover much more difficult. LIBERTY MEDIA is said to be the main target of this procedure. It launched an operation last week to take its...