From CNBC: 2024-09-06 16:08:43

Activist investor Starboard Value aims to dissolve News Corp’s dual-class share structure, challenging Murdoch family’s control. The resolution push was made with roughly 2% of Class A shares. Starboard also pushes for News Corp to spin out real estate assets. Rupert Murdoch, 93, stepped down as chair, allowing son Lachlan Murdoch to take control. News Corp shares dipped 1% with news of Starboard’s move. Starboard previously targeted companies like Autodesk and Match Group. News Corp owns The Wall Street Journal, The Sun, and HarperCollins. News Corp and Starboard representatives have not commented on the matter.



Read more at CNBC: Starboard moves to collapse News Corp’s dual class stock in challenge to Rupert Murdoch