Possible consolidation of News Corp and Fox Corp, faster lead times for

Possible consolidation of News Corp and Fox Corp, faster lead times for


Wall Street Journal

Rupert Murdoch examines the consolidation of News Corp and Fox Corp

  • Rupert Murdoch considered merging his media empire News Corp NWSA and Fox Corp FOXnearly a decade after the companies separated.
  • People familiar with Murdoch’s proposal said the combined company would have more balance sheet strength to make acquisitions. The companies could join forces on sports betting, they added.
  • Lachlan Murdoch, co-chairman of News Corp and chairman and CEO of Fox, would likely see a significant increase in his responsibilities.

Activist investor Starboard has a 5% stake in Splunk and is likely to discuss its prospects at Tuesday’s meeting

  • activist investor Starboard value LP own a significant stake Splunk Inc SPLKplans to urge the software maker to take action to boost its share price.
  • Starboard’s share is just under 5%.
  • Jeff Smith, Starboard’s founder and CEO, will be speaking at an activist investment conference on Oct. 18 and is likely to explain the fund’s thesis.
  • Earlier this year, when Splunk was without a CEO and its stock plummeted after a series of disappointing earnings reports, it at least piqued Splunk’s takeover interest Cisco Systems, Inc CSCO.

Goldman plans to combine investment banking and trading in a major organizational overhaul

  • Goldman Sachs Group Inc GS is planning a major reorganization to consolidate its largest businesses into three businesses.
  • Goldman will combine its investment banking and trading businesses into one entity, while asset and wealth management will be combined into another.


Renault’s EV, Hybrid rises to 40% of its total sales in Europe

  • French carmaker Renault ADRs RNLSY Sales of electric and hybrid vehicles in 2022 have almost doubled in relation to the brand’s European sales.
  • The automaker pledged it is well-equipped to transition to electric vehicles (EVs) by 2030.
  • In 2021, Renault’s electric vehicles accounted for 25% of European sales and around a third in the first half of 2022.

Kroger/Albertson’s $25 billion…

Read full story here https://www.benzinga.com/government/22/10/29286528/news-corp-and-fox-corps-possible-consolidation-faster-lead-times-for-iphone-14-models-kanye-west-buy

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