News Corp, the parent company of The Times and the Sun, has agreed to buy Wireless Group, the owner of Talksport radio.
Talksport owns radio and digital audio broadcasting rights for the Premier League and FA Cup.
"We look forward to welcoming Wireless into News Corp's global family of businesses," said News Corp's chief executive, Robert Thomson said of the £220m deal.
"With its strength in radio, as well as its digital and international growth potential, Wireless will help improve the engagement of our publishing brands, especially those within News UK."
News Corp's shares were up almost 5% to $11.23 following the announcement.