- Southeastern Asset Management bought 11.9% of News Corp's (NWS, NWSA) voting rights, representing a 4.1% economic interest. Based on yesterday's closing price of $16.72, the stake is worth around $397M.
- The investment firm has the second-largest holding behind Rupert Murdoch, who owns 39% of News Corp.'s voting stock, or a 14% economic interest.
- Southeastern said it has no plans to influence News Corp. and is known for value investing. However, it's worth noting that Southeastern joined with Carl Icahn to oppose Michael Dell's buyout of Dell, and in a shareholder revolt at Chesapeake Energy. (Previous)
This was corrected on 09/11/2013 at 06:04 AM.
From other sites
at Nasdaq.com (Mar 25, 2015)
at CNBC.com (Mar 11, 2015)
at CNBC.com (Feb 26, 2015)
at Benzinga.com (Feb 5, 2015)
at CNBC.com (Feb 4, 2015)
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