Rupert Murdoch's News Corp agreed in principle to buy his daughter's UK-based television production company, Shine Group, for £415 million ($673 million). Elisabeth Murdoch is expected to join the board of News Corp upon completion of the deal, the company said in an e- mailed statement today. The move would bring her back into the fold of her 79-year-old father's media empire, where she worked until 2000 at pay-TV company British Sky Broadcasting Group. Shine, which produces hit shows such as "MasterChef" and "Merlin," will be "an important part" of New York-based News Corp's expansion strategy for global TV operations, Deputy Chairman Chase Carey said in the statement. Shine last month said it hired JPMorgan Chase & Co to advise on options and growth opportunities, citing consolidation in international production.