plans to acquire Investor’s Business Daily, the stock-analysis and investment research publication, for $275 million — which would add another arrow in its financial-media quiver.
The deal is subject to regulatory approval and other closing conditions. News Corp expects to close the IBD acquisition by the end of June 2021. The company is buying IBD from O’Neil Capital Management, a private fund management company headed by William J. O’Neil, founder of IBD.
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