NWSA - Activist Shareholder Shakes Up News Corp's Status Quo | Benzinga
Activist shareholder Starboard Value has acquired a significant stake in News Corp (NASDAQ: NWSA), aiming to instigate strategic and governance reforms at the media conglomerate.
The move is part of a broader strategy to enhance the company's market value, which Starboard believes is undervalued due to its complex corporate structure, The Wall Street Journal reports.
Starboard's intervention will likely advocate for the spin-off of News Corp's digital real estate division, including its interests in REA Group and Realtor.com parent Move Inc.
The activist shareholder believes that separating these assets will unlock significant value for the company, enhancing shareholder returns. The Murdochs, who hold considerable voting power ...