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Activist hedge fund Starboard Value has acquired shares of News Corp, the media conglomerate controlled by Rupert Murdoch, according to multiple sources. Starboard Value is now pushing for strategic and governance changes at News Corp, with plans to separate its real estate business. The move comes as Starboard Value aims to reduce the valuation discount that News Corp trades at. The activist hedge fund's CEO, Jeffrey Smith, believes that if the company separates its digital real estate assets through a tax-free spinoff, shareholders will see significant appreciation in the stock price.
It looks like activist investor Jeff Smith and his Starboard Value fund want to take the measure of Rupert Murdoch’s eldest boy… https://t.co/I0yfMJrcBi
News Corp. is "a great business. It's a great asset. It's just too cheap. So, we took a position," Starboard Value CEO Jeff Smith told @davidfaber. https://t.co/AuRjMyUAyA https://t.co/T72FNs7A5z
Starboard says Rupert Murdoch's News Corp should break up https://t.co/jFiRJ06pYo https://t.co/R7ZVY1wckX
Starboard says Rupert Murdoch's News Corp should break up https://t.co/yXMEiE1WEL https://t.co/u7eNaP3ZVD
Activist investor Starboard Value has built a position in News Corp. and wants the Murdoch-family controlled media giant to separate its real estate business. https://t.co/cBs1Sz9dnC
Activist investor Starboard Value has built a position in News Corp. and wants the Murdoch-family controlled media giant to separate its real estate business. https://t.co/EX6aiByr2f
Starboard CEO makes case for spinning off real estate assets from WSJ owner News Corp https://t.co/fC2X7mWlOE
Starboard Value’s Jeff Smith is pushing for News Corp breakup $NWS $NWSA He said if the company separates the digital real estate assets through a tax-free spinoff, shareholders will see “significant appreciation” in the stock price. https://t.co/qp5QTJOPTd https://t.co/XuURkRNIsp
Starboard Value's Jeff Smith unveils his newest ideas, including a push for News Corp spinoff https://t.co/skhdvzQBbW
Starboard's Smith pushes for News Corp break-up https://t.co/By6EmwguC3 https://t.co/SqaUCy8uNz
Starboard’s hopes of shaking up News Corp provide Unhedged’s @rbrtrmstrng with an opportunity to take a fresh look at one of the longest running plot lines in media and markets: the Murdoch discount - via @FT https://t.co/kdm8BfLtPw
The Murdoch discount - great Unhedged email/column from @rbrtrmstrng on an activist lobbying to reduce the valuation discount that Rupert's conglomerate trades at. Includes this graph the valuation of News Corp vs NYTimes https://t.co/3QXGNrqNv0 https://t.co/VWKrJSWqes
NEW: Activist Starboard Value has built a stake of more than 5% in contract-research organization Fortrea Holdings. $FTRE https://t.co/XXzkNAHsKm via @WSJ
Starboard Value Takes Position in News Corp, Eyes Strategic Changes https://t.co/mc9MbsnX5J
NEWS STAND: Starboard is latest activist to take a position in WSJ parent, shares up ~2.5%. @laurenthomas scoopage https://t.co/oiDD3TzFxo
$NWSA (+0.5% pre) Activist (Starboard) Builds News Corp Stake, Plans to Seek Changes - WSJ https://t.co/fxYym1dk6J
WSJ News Exclusive: 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 https://t.co/NbhiPfg9e5
NEW: Activist Starboard Value plans to push for strategic and governance changes at Wall Street Journal parent News Corp, having built a sizable stake in the company. $NWSA https://t.co/CYpEayKsga via @WSJ
Activist hedge fund Starboard eyes Rupert Murdoch's News Corp https://t.co/kC8d7I7q4Y via @sveaherbst @Reuters #HedgeFunds #ActivistInvestor
Exclusive: Star Chinese fund manager Wang detained and under investigation, sources say https://t.co/Mtr6TrOLG7
Exclusive: Activist hedge fund Starboard eyes Rupert Murdoch's News Corp https://t.co/PvJPx9UtqJ
Exclusive: Activist hedge fund Starboard eyes Rupert Murdoch's News Corp https://t.co/l5evF664Mx https://t.co/P0XmZe1hdS
Not just Milllennium: Blackstone and SWFs are circling around the Schonfeld hedge fund for a potential strategic investment. SCOOP! by the reunited team of @SaacksAttack and @alexmorrell https://t.co/1LeBlL0lpP
Exclusive: Activist hedge fund Starboard eyes Rupert Murdoch's News Corp -sources https://t.co/m0glvlC9MP https://t.co/KFVQK1RgtE
Reuters sources: Activist hedge fund Starboard eyes Rupert Murdoch's News Corp https://t.co/avzMgdm4Qi https://t.co/K07UoUvxjU
Exclusive: Activist hedge fund Starboard eyes Rupert Murdoch's News Corp -sources https://t.co/Tnmhhspzqs https://t.co/wvDqZn2KjS
⚠️ EXCLUSIVE-ACTIVIST HEDGE FUND STARBOARD EYES RUPERT MURDOCH'S NEWS CORP -SOURCES Full Story → https://t.co/6xmoFEalkN Starboard Value, the activist hedge fund run by Jeffrey Smith, has bought shares of News Corp, according to people familiar with the matter, a move that… https://t.co/eIi32atyFD https://t.co/Mc4PPsiYWe
Exclusive: SoftwareOne gets round of bids in strategic review -sources https://t.co/eAtRsuoYKi https://t.co/ZJIlsbCpiA
Broadridge Financial’s proxy ‘monopoly’ faces challenge from start-ups https://t.co/4ZuBnlqJlL
Two members of the billionaire family that controls Rogers Communications are suing the company, saying they’ve been frozen out of board meetings and blocked from getting information https://t.co/mGqAO7FZW4
Two members of the billionaire family that controls Rogers Communications are suing the company, saying they’ve been frozen out of board meetings and blocked from getting information https://t.co/JDVguRyl1n
Starboard Value's Jeff Smith says companies are more receptive to activists like him https://t.co/LNWdOafVtA
Activist hedge funds and other investors will have five days to disclose that they have taken on significant stakes in a company under final rules approved by the Securities and Exchange Commission https://t.co/WFaikjnTeN via @ElleBeyoud @markets #HedgeFunds #ActivistInvestor