News Formal

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

  • 📰 CNBC
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 72%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in SG

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Nikola Corp. (NKLA) founder Trevor Milton guilty of fraud - Phoenix Business JournalAfter a four-week trial, the founder of the Phoenix-based electric vehicle maker was convicted of fraud, based on allegations that he had lied about the company's technological capabilities.
Source: phxbizjournal - 🏆 254. / 63 Read more »