Starboard Value has invested in News Corp, a radical shareholder that plans to drive strategic and corporate governance changes for the company. News Corporation is one of the two major businesses of Rupert Murdoch's media empire and the parent company of The Wall Street Journal.
According to insiders, Starboard believes that News Corporation's valuation is significantly lower than its reasonable market value due to its comprehensive corporate structure.
The Starboard plan suggests that News Corporation spin off its digital real estate department; The latter includes equity in Australian online real estate website operator REA Group and Realtor.com's parent company Move Inc.
Starboard was founded and CEO by Jeff
Starboard Value has invested in News Corp, a radical shareholder that plans to drive strategic and corporate governance changes for the company. News Corporation is one of the two major businesses of Rupert Murdoch's media empire and the parent company of The Wall Street Journal.
According to insiders, Starboard believes that News Corporation's valuation is significantly lower than its reasonable market value due to its comprehensive corporate structure.
The Starboard plan suggests that News Corporation spin off its digital real estate department; The latter includes equity in Australian online real estate website operator REA Group and Realtor.com's parent company Move Inc.
Starboard is led by its founder and CEO Jeff Smith, and the company also plans to promote the abolition of News Corporation's dual equity structure; This structure gives the Murdoch family more voting rights than their economic ownership.
The above person stated that Starboard holds a "significant" stake in News Corporation. The specific scale is unknown.
Reuters reported last Friday that Starboard has taken a stake in News Corporation.