News Corp says buys 14.99 percent of Australia's APN News & Media

SYDNEY (Reuters) - News Corp said on Thursday it has increased its stake in Australian media company APN News & Media Ltd from an undisclosed level to 14.99 percent, the maximum shareholding allowed in Australia without a formal takeover offer.

(Reporting by Byron Kaye; Editing by Muralikumar Anantharaman)