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News Corporation (0K7V.L)

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21.18+1.39 (+7.00%)
At close: 04:57PM GMT
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  • Reuters

    News Corp investors cheer Murdoch's decision to scrap tie-up with Fox

    Large shareholders in News Corp on Wednesday applauded Rupert Murdoch's decision to withdraw a proposal to reunite the owner of Dow Jones and Fox Corp, as News Corp decided to pursue a sale of Move Inc instead. News Corp is in talks to sell Move, which operates the Realtor.com website, to CoStar Group, the company said on Tuesday confirming an earlier Reuters report. On Wednesday afternoon, News Corp shares were up over 5%, paring some earlier gains, as shareholders hailed the decision to abandon the deal with Fox to instead pursue the sale of Move at a significant premium to what News Corp first paid for the company it bought in 2014.

  • PA Media: Money

    Rupert Murdoch abandons proposed tie-up between Fox and News Corp

    The deal had been mooted in October.

  • Bloomberg

    Murdoch Ditches Fox, News Corp. Merger After Investor Objections

    (Bloomberg) -- Rupert Murdoch said he was abandoning plans to explore a merger of Fox Corp. and News Corp., two media companies he controls, after investors pushed back on the deal.Most Read from BloombergHindenburg’s Short Sell Call Shaves $12 Billion Off Adani StocksUS Confronts China Over Companies’ Ties to Russia War EffortJosh Kushner Is Richer Than Trump After Billionaires Back His FirmUS and Germany Set to Send Tanks to Ukraine, Breaking DeadlockStocks Finish Well Off Lows as Tech Gloom W