News Corporation has been in the news with a spate of major announcements and market activity. The company has recently filed an SEC Form 8-K, with Loop Capital suggesting that selling Foxtel could streamline their operations. However, there are questions about the corporation's performance in the Communication Service Sector. In a significant strategic deal, News Corp sold Foxtel to DAZN for a substantial A$3.4B, gaining a stake in DAZN's Global Sports Platform. Despite increasing pressure from Starboard, News Corp's dual-class structure remains, as investors rejected a proposal to terminate it. Other updates include an ongoing stock repurchase program and the reporting of the corporation's first quarter results for Fiscal 2025. Major shareholders have backed Starboard's dual-share elimination plan but to no avail. The corporation has also seen some significant M&A activity, like the agreement to offload Foxtel to DAZN Group for A$3.4 Billion, and the acquisition of WorldECR by Dow Jones. Despite the tumultuous activity, the company continues its stock repurchase program, with Point72 Asset Management L.P. making a new investment in the corporation. News Corp's financial performance has improved, topping estimates, triggering a jump in stock prices after an activist investor sought changes.
News Corporation Class A NWSA News Analytics from Fri, 04 Mar 2016 08:00:00 GMT to Fri, 27 Dec 2024 00:16:05 GMT -
Rating 3
- Innovation 0
- Information 8
- Rumor -5
