Starboard is strongly pushing for an end to the
dual-class share structure of
News Corp, issuing a letter to shareholders proposing the change at the 2024 Annual Meeting. Meanwhile,
News Corp continues its
share buyback program with a target of $1 billion, a move that contributed to its stock gains. There are suggestions that
News Corp is considering a spin-off of their real estate assets, and the company's subsidiary is reportedly eyeing the
Rightmove acquisition. Concurrent to this, News Corp announced the launch of the
Renovation Designer by Realtor.com and a multiyear deal with
OpenAI. The company's price target is raised to $39 from $38 at Loop Capital while their stock holdings continue to see action, with Achmea Investment Management buying 197,008 shares and Andra AP selling 73,400 shares. Lastly, after stepping down at Fox,
Rupert Murdoch continues to face challenges regarding his grip on
News Corp.
News Corporation Class A NWSA News Analytics from Tue, 19 Jul 2011 07:00:00 GMT to Fri, 13 Sep 2024 21:16:00 GMT -
Rating 7
- Innovation 8
- Information 6
- Rumor -4
