Starboard Value is pushing to end the dual-class structure of
News Corporation which has been underperforming in the market. It has proposed and submitted a non-binding stockholder proposal for this change. In response to this proposal, News Corporation is continuing with its ongoing
$1 billion stock repurchase program. Funds and financial entities like
Millennium Management and
MBB Public Markets I are decreasing their stakes in News Corporation while others like
Bank of Montreal and
British Columbia Investment Management are increasing their’s. Interestingly,
News Corp subsidiary has shown interest in acquiring
Rightmove, at the same time
OpenAI entered a multiyear deal of using news content provided by News Corporation. Starboard's proposal has been seen as a challenge to News Corp's Founder
Rupert Murdoch. Alongside these events
Rupert Murdoch has stepped down as the chairman of Fox and News Corp. News Corp is announcing a major change with a $210 million acquisition of real estate tech platform
Opcity. News Corporation's CFO,
DeVoe, is planning his exit after two decades.
News Corporation Class A NWSA News Analytics from Wed, 25 Feb 2009 08:00:00 GMT to Fri, 04 Oct 2024 21:16:00 GMT -
Rating 4
- Innovation 2
- Information 5
- Rumor -1
