Rupert Murdoch Sells Nearly All His Nonvoting News Corp. Shares

By: Amy Chozick | The New York Times

Rupert Murdoch has sold almost all of his nonvoting shares in News Corporation, but because of the company’s dual-class voting shares he still controls the company.

In a filing with the Securities and Exchange Commission, the company said that between Wednesday, Nov. 16, and Thursday, Nov. 17, Mr. Murdoch sold 3.63 million Class A nonvoting shares priced between $16.60 and $17.26, valued at roughly $62 million.

Like & Share E&P:
RSS
Follow by Email
Facebook
Facebook
Twitter
Visit Us
LinkedIn

Leave a Reply

Your email address will not be published. Required fields are marked *