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The Guardian - UK
The Guardian - UK
Business
Mark Sweney

News Corp should spin off $7bn digital real estate assets, says activist investor

News Corp Rupert Murdoch Starboard Jeff Smith Lachlan Murdoch Fox Starboard Value United States
Rupert Murdoch
Rupert Murdoch announced he was stepping down as chair of Fox and News Corp last month. Photograph: Noah Berger/AP

Rupert Murdoch’s News Corp should seek a $7bn (£5.7bn) spin-off of its online property businesses to help increase its market value, according to an activist investor.

The hedge fund Starboard Value, which has been building a stake in News Corp, said that the $12.6bn valuation of the company “does not make sense” and management should look at breaking up the business.

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