Advertisement
U.S. markets open in 4 hours 32 minutes
  • S&P Futures

    5,305.75
    -2.50 (-0.05%)
     
  • Dow Futures

    40,151.00
    +7.00 (+0.02%)
     
  • Nasdaq Futures

    18,490.00
    -13.75 (-0.07%)
     
  • Russell 2000 Futures

    2,134.50
    -3.90 (-0.18%)
     
  • Crude Oil

    81.71
    +0.36 (+0.44%)
     
  • Gold

    2,216.60
    +3.90 (+0.18%)
     
  • Silver

    24.57
    -0.19 (-0.76%)
     
  • EUR/USD

    1.0793
    -0.0036 (-0.33%)
     
  • 10-Yr Bond

    4.1960
    0.0000 (0.00%)
     
  • Vix

    12.95
    +0.17 (+1.33%)
     
  • GBP/USD

    1.2606
    -0.0032 (-0.25%)
     
  • USD/JPY

    151.4320
    +0.1860 (+0.12%)
     
  • Bitcoin USD

    70,654.78
    +1,045.12 (+1.50%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • FTSE 100

    7,956.98
    +25.00 (+0.32%)
     
  • Nikkei 225

    40,168.07
    -594.66 (-1.46%)
     

T Rowe Price raises concerns about News Corp merger with Fox -NYT

Nov 25 (Reuters) - T Rowe Price, a major shareholder of News Corp, said it had strong reservations about the plans of News Corp Chairman Rupert Murdoch to combine the two parts of his media business, News Corp and Fox Corp, The New York Times reported on Friday.

T Rowe Price, which owns 12% of News Corp, told the newspaper in an interview that a merger of the two companies would probably undervalue News Corp, which it believes is trading for less than it is worth. (Reporting by Jaiveer Singh Shekhawat in Bengaluru; Editing by Leslie Adler)

Advertisement