In a major financial move, News Corporation (NWSA) has announced a $1 Billion stock repurchase program, causing a positive reaction in the market. Allianz Asset Management GmbH, Victory Capital Management Inc., Cwm LLC, and other institutional investors have increased their holdings in NWSA. Despite the positive financial manoeuvres, a proposal to end NWSA's dual-class voting structure was rejected, maintaining the status quo. Starboard Value and Irenic Capital have publicly voiced their support for eliminating the dual-class structure. The recent appointment of Julian Delany as CTO marks a further key organisational development. Expanded services and financial news delivery is signaled with NWSA subsidiary, Dow Jones Newswires, launching a AI-powered French language service, as well as acquiring Dragonfly Intelligence and Oxford Analytica for $40 Million. A highlight in the real-estate segment was News Corp's $210 Million acquisition of the Real Estate Tech Platform Opcity.
News Corporation Class A NWSA News Analytics from Fri, 28 Jun 2013 07:00:00 GMT to Sat, 26 Jul 2025 07:46:02 GMT -
Rating 7
- Innovation 2
- Information 8
- Rumor -4
