Murdoch’s 50% purchase of Fox was completed.
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Los Angeles-based 20th Century Fox Film Corp. reported the closing of the $162-million purchase by Australian press tycoon Rupert Murdoch of a half interest in its parent, TCF Holdings, from Marvin Davis. The studio said the transaction took place in accordance with terms announced March 20, when the parties said the deal included an $88-million loan by Murdoch to TCF Holdings.
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