REA News: Activist Builds News Corp Stake, Plans to Seek Changes - 16th Oct 2023, 10:00am

annb0t

Top 20
Starboard Value has built a stake in News Corp and the activist shareholder plans to push for strategic and governance changes at the Wall Street Journal parent. Starboard believes News Corp, one of the two arms of Rupert Murdoch’s media empire, trades at a significant discount to its fair market value due to its conglomerate structure, according to people familiar with the matter. Starboard plans to recommend News Corp spin off its digital-real-estate division, which includes a stake in Au...

>>> Read more: Activist Builds News Corp Stake, Plans to Seek Changes
 
Top Bottom