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Starboard Value has built a stake in News Corp and is pushing for billionaire owner Rupert Murdoch to break up the company, as legacy media groups face mounting pressure from shareholders to improve performance. The activist hedge fund run by Jeff Smith announced the position at a conference on Tuesday, arguing that News Corpâs stock market valuation âdoes not make senseâ and calling for a spin-off of its online property listings division. Starboard estimates that a spin-off of th...
>>> Read more: News Corp break-up would unlock $7bn in value, says activist Starboard
>>> Read more: News Corp break-up would unlock $7bn in value, says activist Starboard
