News Corp recently entered into a multiyear agreement with
OpenAI, leading to a significant rise in stocks. Despite underperforming as compared to competitors on select weekdays, substantial investment from companies such as
ING Groep NV, Assenagon Asset Management S.A., Mitsubishi UFJ Asset Management Co. Ltd.,
BNP Paribas has been observed. The corporation has unveiled its plans for a billion-dollar stock buyback program. It is also reportedly receiving attention from an activist investor seeking changes. Furthermore, News Corp exhibited surprising Q2 sales and surpassed Q3 estimates earnings. The executives of News Corp have also seen changes recently, with
Rupert Murdoch resigning as chairman. Despite a challenging ad market, slight revenue gains have been posted. The company is expecting a
5% cut in its head count.
Irenic has suggested the exploration of alternatives for maximizing value. Amazingly, News Corp has inked a
global partnership deal with OpenAI.
News Corporation Class A NWSA News Analytics from Thu, 13 Jun 2013 07:00:00 GMT to Wed, 22 May 2024 21:32:12 GMT -
Rating 7
- Innovation 3
- Information 8
- Rumor -2
