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Stock Market & Financial Investment News

News Breaks
March 28, 2014
07:29 EDTBSYBY, NWSA, FOXA, NWS, FOXSpeculation on News Corp bid for Sky reignited, The Independent says
Speculation regarding a potential News Corp (NWS, NWSA) bid for British Sky Broadcasting (BSYBY) has been reignited following the promotions of James Murdoch to Co-COO of 21st Century Fox (FOX, FOXA) and Lachlan Murdoch to non-executive co-chairman of News Corp, according to The Independent. Reference Link
News For NWS;NWSA;FOX;FOXA;BSYBY From The Last 14 Days
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November 24, 2014
16:12 EDTNWSNews Corp acquires 25% stake in parent company of PropTiger.com
News Corp announced that it has acquired a 25% stake in the parent company of PropTiger.com, a leading digital real estate marketing platform in India, for US$30 million. News Corpís investment continues the acceleration of its global digital footprint with an emphasis on India, where the company also has a presence through its Dow Jones, Wall Street Journal and HarperCollins Publishers businesses. The investment creates a network effect to complement and build on the strength of the companyís collection of businesses, which include leaders in news, book publishing and digital real estate. News Corp owns Move, operator of realtor.com. Move has the most up-to-date and accurate for-sale listings of any digital real estate company in America. In addition, News Corp has a 61.6% stake in REA Group Limited, operator of the leading Australian residential property website, realestate.com.au. REA also has a substantial stake in iProperty, the leading digital real estate advertising business across South East Asia. PropTiger.com will benefit from News Corpís digital and product expertise, drawing on its experience with REA and Move.
08:40 EDTNWSADiscovery, News Corp. jv to make joint bid for Ten Network, SMH reports
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06:17 EDTFOX, FOXA, NWSA, NWSJetBlue announces partnerships for Fly-Fi Hub
JetBlue (JBLU) is partnering with content providers Coursera, FOX (FOX, FOXA), HarperCollins Publishers, National Geographic, Rouxbe and Time Inc. (TIME) to offer customers more free content than any other U.S carrier in the sky. The Fly-Fi Hub is the new gateway to JetBlue's Fly-Fi offering, the fastest Wi-Fi in the sky, and went live this morning. Available to JetBlue customers via their own personal device, it will offer a wide range of entertainment options such as some of the most popular TV shows from FOX and National Geographic, ebook samples from HarperCollins, e-learning videos from Coursera and Rouxbe and the option to purchase magazines from Time Inc.'s portfolio. In the next phase of JetBlue's Fly-Fi Hub, due to roll out 1Q15, additional content from PBS, Random House and the Wall Street Journal (NWSA, NWS) will be added.
November 21, 2014
09:27 EDTFOXA21st Century Fox shares set to rise, says Sterne Agee
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November 20, 2014
10:10 EDTNWSASoutheastern selling down stake in News Corp., Australian says
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07:42 EDTFOXAStudios looking abroad for opportunity in TV licensing, WSJ reports
For U.S. television studios, such as Time Warnerís (TWX) Warner Bros., licensing shows abroad, which was once a small side business, has become a much-needed source of growth and is increasingly needed to make shows profitable, reported The Wall Street Journal. In addition to Time Warner, CBS Corp. (CBS), Sony (SNE) and 21st Century Fox (FOXA) also see huge promise from international TV distribution, the report noted. Reference Link
November 18, 2014
09:10 EDTNWSASoutheastern leads challenge to News Corp. voting structure, FT says
Southeastern Asset Management, which now controls 12.7% of News Corpís voting stock, is at odds with Rupert Murdochís family over the company's dual-class share structure that gives Murdoch an outsized amount of the voting power, reported Financial Times. Reference Link
November 17, 2014
15:43 EDTNWSAGabelli liquidates stake in Move, Inc.
Gabelli's most recent stake, as reported on November 3, was 8.84%. As a result of the completion of the acquisition of the company by News Corp. (NWSA), Gabelli no longer has beneficial ownership of any of its shares.
November 14, 2014
08:29 EDTNWSA, NWSNews Corp completes acquisition of Move, Inc
News Corp announced that it has successfully completed its acquisition of Move, Inc. Move is a provider of online real estate services and operates a network of sites, including realtor.com, the official website for the National Association of Realtors. The previously announced tender offer by a subsidiary of News Corp for all of the outstanding shares of Move common stock at a price of $21.00 per share expired as scheduled at the end of the day, 12:00 midnight, New York City time, on November 13, 2014. Excluding shares tendered by notice of guaranteed delivery, a total of approximately 34,299,586 shares were validly tendered into and not withdrawn from the tender offer, representing, together with the shares owned by News Corp and its subsidiaries, approximately 83.1% of Moveís outstanding shares. As a result, News Corp, through its subsidiary, has accepted for payment and will promptly pay for all such validly tendered shares pursuant to the terms of the tender offer. Following its acceptance of the tendered shares, News Corp completed the acquisition by causing the merger of its subsidiary with and into Move without a vote of Moveís stockholders, pursuant to Section 251(h) of the Delaware General Corporation Law. Upon completion of the merger, Move became an indirect, wholly-owned subsidiary of News Corp. As a result of the merger and in accordance with the terms of the merger agreement, all eligible Move shares not tendered into the tender offer were cancelled and converted into the right to receive $21.00 per share in cash, without interest and less any applicable withholding taxes, the same price per share offered in the tender offer. As a result of the acquisition, Move shares ceased to be traded on the NASDAQ Stock Market. REA Group Limited, in which News Corp owns a 61.6% interest, has entered into a definitive agreement with News Corp to acquire a 20% stake in Move. The transaction is expected to be completed on November 17.
November 13, 2014
06:27 EDTNWS, NWSADow Jones to end German, Turkish services, Sunday inserts, WSJ reports
Dow Jones, a unit of News Corp, will eliminate certain local-language news products in Germany and Turkey, The Wall Street Journal Radio Network and The Sunday Journal, leading to the reduction of 50-60 jobs, the Wall Street Journal reports, citing a source familiar with the matter. In a staff memo, Dow Jones CEO William Lewis explained that "It will come as no surprise that in order to do even more, we must do fewer things that are not core to our business so that we can move faster in pursuit of our goals." Reference Link
06:17 EDTFOXASony unveils PlayStation Vue, a cloud-based TV service
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