UPDATE 1-Hearst to increase stake in rating agency Fitch to 80 pct
December 12, 2014 at 13:20 PM EST
Dec 12 (Reuters) - Hearst Corp said it will raise its stake in global credit rating agency Fitch Group to 80 percent from 50 percent in a deal valued at about $2 billion as the media giant diversifies away from its newspaper foundations.