Acquisitions, Disposals and Other Transactions (Tables) - New Foxtel [Member]

9 Months Ended

Mar. 31, 2019

Schedule of Total Aggregate Purchase Price Transaction Value/ Fair Value of Acquisition

The total aggregate purchase price associated with the Transaction at the completion date is set forth below (in millions):

Consideration transferred(a)	$	331
Fair value of News Corp previously held equity interest in Foxtel		631
Fair value of noncontrolling interest(b)		578
Fair value of net assets	$	1,540

a) Primarily represents the fair value of 35% of FOX SPORTS Australia exchanged as consideration in the Transaction and has been included in noncontrolling interest.

b) Primarily represents the fair value of 35% of Foxtel, which includes the impact of certain market participant synergies.

Schedule of Fair Value of Assets Acquired and Liabilities Assumed

Under the acquisition method of accounting, the aggregate purchase price, based on a valuation of 100% of Foxtel, was allocated to net tangible and intangible assets based upon their fair value as of the date of completion of the Transaction. The excess of the aggregate purchase price over the fair value of the net tangible and intangible assets acquired was recorded as goodwill. The allocation is as follows (in millions):

Assets acquired:
Cash	$	78
Current assets		492
Property, plant and equipment		967
Intangible assets		861
Goodwill		1,559
Other non-current assets		268
Total assets acquired	$	4,225
Liabilities assumed:
Current liabilities	$	611
Long-term borrowings		1,751
Other non-current liabilities		323
Total liabilities assumed		2,685
Net assets acquired	$	1,540