News Corporation Class A (NWSA) has experienced an interesting period with several significant developments.
News Corp has been significantly underperforming against its competitors, according to recent stock market data. Despite this, the company greenlit a
$1 billion stock buyback plan. Activist investor
Starboard has been assertive, calling for an end to the company's
dual-class shares structure and even filed a proposal to make this change during an upcoming annual meeting. Various investment firms including
Squarepoint Ops LLC and
SG Americas Securities LLC have reduced their holdings, while others such as B.C. Investment Management and Handelsbanken Fonder AB have increased.
News Corp had made and then withdrawn a bid for
Rightmove Plc. The company's
ongoing share buyback program has been officially confirmed to the Australian Securities Exchange (ASX).
OpenAI, has developed a content deal with the media conglomerate.
Rupert Murdoch has recently stepped down from his role, triggering questions about the succession plan. There's a current opposition to a proposed merger between
News Corp and Fox.
News Corporation Class A NWSA News Analytics from Tue, 12 Jul 2011 07:00:00 GMT to Wed, 16 Oct 2024 21:15:00 GMT -
Rating 2
- Innovation 4
- Information 7
- Rumor 0
