Starboard Value, an investment firm, has initiated a proposal at
News Corp aiming to break the duel-class structure, challenging Rupert Murdoch's firm grip on the company. The move has seen News Corp stocks popping amid the turmoil. Meanwhile,
News Co. emerged as the 8th largest position of Yacktman Asset Management LP. News Corp. also underlined its strength by striking a significant multi-year deal with OpenAI, although experienced underperformance compared to competitors. The company's subsidiary is considering an acquisition of
Rightmove. In the interim, News Corp announced an advancement in its stock repurchase program, inducing an increase in stakeholder investments. Simultaneously,
News Corp.'s formal split and a potential Foxtel sale have been notable events. A feud for succession within the
Murdoch Family Trust is underway, with Rupert Murdoch stepping down from his chairman position at Fox, News Corp. This succession issue has been followed by Starboard's CEO making a case for spinning off real estate assets. Finally, given the financial factors, News Corp's entry point has been seen as compelling while media mogul Michael Bloomberg is rumored to be considering the purchase of Dow Jones or the Washington Post.
News Corporation Class A NWSA News Analytics from Fri, 28 Jun 2013 07:00:00 GMT to Sat, 07 Sep 2024 04:00:00 GMT -
Rating 6
- Innovation 3
- Information 8
- Rumor -2
