News Corp and 21st Century Fox started trading off their assets which gave investors the crucial choice between two different firms.

Hulu received a hefty number of bidders giving bids of more than a billion for a piece of it. More than $1 billion was offered by DirecTV and two other bidders.

Pay television operators amongst the bidders for Hulu. An anonymous source with direct knowledge of the transaction identified pay television operators DirecTV and Time Warner Cable as among the bidders, aside from Yahoo and the consortium led by Peter Chermin.

News Corp announced it is splitting its entertainment business from its publishing empire. (Photo : Brendan McDermid/Reuters)News Corp said on Friday it bought SportsTime Ohio, a Cleveland-based regional sports network that broadcasts Cleveland Indians baseball games.

The entertainment division would carry the name 21st Century Fox and the publishing division would retain the News Corp name when Rupert Murdoch's empire would be split by the end of the year.

Turkish conglomerate Calik Holdings is in the process of selling off its media shareholdings. Calik Holdings of Turkey has talks in progress to sell off its ATV television subsidiary to Time Warner Inc.

Ora.TV purchases Stick Figure Productions for an undisclosed amount. Mexican billionaire Carlos Slim's Ora TV has purchased television production company Stick Figure Productions.

News Ltd of News Corp sells of shares in Sky Network Ltd. As previously reported in Reuters, News Corp SA has completed the sale of its 44% share in New Zealand's Sky Network Ltd.

Bids, mergers, acquisitions and disposals involving European, U.S., Canadian and Asian companies. The following bids, mergers, acquisitions and disposals involving European, U.

Rupert Murdoch's News Corp (NWSA.O) made a $2 billion takeover offer for Australia's Consolidated Media Holdings (CMJ.AX) on Wednesday.