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Black magic

19 January 2004 By Hugo Dixon

The disgraced mogul has cut a sweetheart deal to sell his media interests to the UK s billionaire Barclay brothers for a fat premium. They have done a ballsy but risky deal. They don t have total control; and they are now codefendants in a legal action against Black. Black has done another deal that serves his own interests at the expense of minorities. But he won t be happy because of his legal troubles.

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