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Activist investor Starboard Value has acquired a stake in News Corp, the parent company of The Wall Street Journal, and is reportedly considering strategic changes. The move by Starboard Value has led to a 2.5% increase in News Corp's shares. This development comes as Starboard dusts off an old plan at News Corp, according to Breakingviews. The activist investor's involvement in News Corp could potentially have significant implications for the media industry.
Starboard Takes 5%-Plus Stake in Contract-Research Firm Fortrea $FTRE https://t.co/IjaCiXn4WK
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
Breakingviews - Starboard dusts off old plan at News Corp https://t.co/kX8yko6360
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