Various noteworthy updates were announced recently about News Corporation Class A (NWSA). Shareholders particularly noted a proposal to terminate News Corp's dual-class share structure, which was ultimately rejected. Despite some agitation from firms like Starboard, which is a significant stakeholder, for pushing an end to this structure, it still stands. The company's financial outlook has been positive, with News Corp reporting a record Q1 profit.
There were contrasting shares performance reports, with NWSA outperforming competitors on several trading days but also experiencing underperformance on others. NWSA shares have seen increased acquisition, with firms like BNP Paribas Asset Management, and Quest Partners buying significant numbers of shares. The company also announced updates to its Stock Repurchase Program.
A lawsuit has been lodged by News Corp against AI startup Perplexity. News Corp Subsidiary REA also responded to rumors about Rightmove acquisition, which subsequently resulted in News Corp withdrawing the offer.
News Corporation Class A NWSA News Analytics from Thu, 13 Jun 2013 07:00:00 GMT to Sat, 23 Nov 2024 01:29:12 GMT - Rating 5 - Innovation -5 - Rumor -5
