Murdoch Weighs Reuniting Fox and News Corp, Sending Both Stocks Swinging
Court documents and video show Rupert Murdoch is considering merging the two companies he split apart in 2013, and traders reacted immediately.
Fox Corp and News Corp shares swung sharply on August 27 after court documents and video revealed Rupert Murdoch is considering re-merging the two companies, with News Corp's A shares touching a 52-week high of $31.64.