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Activist investor Starboard Value has acquired a position in News Corp, the parent company of The Wall Street Journal. The move has led to a 2.5% increase in News Corp's shares. Starboard Value is known for its activist approach and is expected to push for strategic changes at the media conglomerate.
Breakingviews - Starboard dusts off old plan at News Corp https://t.co/MGxxEzNejq
From Breakingviews - Starboard dusts off old plan at News Corp https://t.co/khMjN58OQb
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