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

📆 2022/10/17 23:24:00

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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.

📆 2022/10/17 23:24:00
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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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