News Corporation and ESPN today announced that News Corporation, through a wholly-owned subsidiary, completed its acquisition of ESPN’s partnership interest in ESPN STAR Sports (ESS) pursuant to their agreement announced on June 6, 2012. Upon the closing of the acquisition, ESS became a wholly-owned subsidiary of News Corporation. AZB & Partners were involved in various aspects of the structuring of the transaction, review of contracts and advised in relation to several aspects, including assistance in filings before and the grant of approval from the Competition Commission of India. The transaction was led by Partners Ajay Bahl, Sunil Agarwal, Shuva Mandal, Anil Kasturi& Samir R. Gandhi.