News Corp spinoff falls in Sydney as Murdoch splits company
News Corp fell in its Sydney debut as stock in the billionaire’s newspaper assets started trading separately in a split from his entertainment businesses.
News Corp, the Wall Street Journal publisher spun off by Rupert Murdoch, fell in its Sydney debut as stock in the billionaire’s newspaper assets started trading separately in a split from his entertainment businesses.
The Chess depositary interests, the Australian equivalent of an ADR, debuted at A$15 before dropping 3 per cent to A$14.55 at the close in Sydney. Shares in the US television and movie businesses, which will be renamed 21st Century...
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