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News Corp break-up would unlock $7bn in value, says activist StarboardFinancial Times

Summary by Ground News

Starboard Value has built a stake in News Corp and is pushing for billionaire owner Rupert Murdoch to break up the company. The activist hedge fund run by Jeff Smith announced the position on Tuesday. Starboard estimates that a spin-off of the real estate business would unlock more than US$7 billion (NZ$11.86b) in value for News Corp shareholders.

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News Corp break-up would unlock $12b in value, says activist Starboard

Financial Times: Activist wants Murdoch group to spin off property listings business.

2 years ago·Auckland, New Zealand

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Financial Times

News Corp break-up would unlock $7bn in value, says activist StarboardFinancial Times

Hedge fund wants Murdoch media group to spin off its online property listings business

2 years ago·London, United Kingdom

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Financial Times broke the news in London, United Kingdom 2 years ago on Tuesday, October 17, 2023.

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