Sep 11, 2013

Revealed: is a fund manager making a play for News Corp?

Southeastern Asset Management has bought a large number of voting B-class shares in News Corp. It seems unlikely a hostile takeover is on the cards, but the move certainly surprised the market.

Glenn Dyer — <em>Crikey</em> business and media commentator

Glenn Dyer

Crikey business and media commentator

News Corp

A big, aggressive US fund manager surprised the market this morning by revealing it had picked up 11.9% of the voting B-class shares in Rupert Murdoch’s News Corp. The question now is whether, as they say in sharemarket parlance, News Corp is in play.


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One thought on “Revealed: is a fund manager making a play for News Corp?

  1. klewso

    That would be a “Free Market Poison Pill”?

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