News Corp. stock up, Fox shares down as investors weigh possible merger

📆 17.10.2022 23:24:00
📰 CNBC

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Shares of News Corp. rose and shares of Fox Corp. fell after the companies said they were exploring whether to merge again.

each News Corp. and Fox saying they formed special committees to explore the possibility.

News Corp. has a market capitalization of around $9.45 billion, while Fox Corp. is worth about $14.76 billion. Alphabet has a market cap of $1.32 trillion, Apple's market cap is $2.29 trillion and Amazon's market cap is $1.15 trillion.from media executives – including some close to Fox and News Corp – that the recombination would have strategic benefits.

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