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Activist investor Starboard Value has built a stake in Rupert Murdoch’s News Corp, and intends to push for changes at the parent company of MarketWatch and the Wall Street Journal, according to a report Sunday night.
The Wall Street Journal reported that Starboard believes the media giant is undervalued and will seek strategic and governance changes, including spinning off News Corp’s online real-estate unit, which includes Realtor.com parent Move Inc., and doing away with the company’s dual-class share structure, which currently…
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