1 year ago
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Rupert Murdoch empire could secure windfall by breaking up business, says Starboard Value
Rupert Murdoch’s News Corp should seek a $7bn (£5.7bn) spin-off of its online property businesses to help increase its market value, according to an activist investor.
The hedge fund Starboard Value, which has been building a stake in News Corp, said that the $12.6bn valuation of the company “does not make sense” and management should look at breaking up the business.
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