Re:Bloomberg bankrolls a social-media army
by akhilcacharya on Wednesday February 19, 2020 @03:27PM
(#22369694)
...it's not for sale? Never really understood this line of attack.
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Re:Bloomberg bankrolls a social-media army
by dukoid on Wednesday February 19, 2020 @04:19PM
(#22370183)
It was a serious question where I don't know the answer... Shares are publicly traded at NASDAQ. The Murdoch family seems to hold 39% (of the shares with voting power?) according to Wikipedia... Not sure how feasible it would be to buy enough of the rest if money wasn't an issue?
Re:Bloomberg bankrolls a social-media army
by Thrymr on Wednesday February 19, 2020 @04:40PM
(#22370374)
That would require a hostile takeover, which is no simple thing. News Corp has a market cap of >$8.6 billion. It almost never happens that anyone can buy a controlling interest (of a sizeable corporation) on the open market without an explicit agreement from the board of directors.
Re:Bloomberg bankrolls a social-media army
by three_seagrass on Wednesday February 19, 2020 @05:26PM
(#22370769)
It's certainly not doing well though. Disney specifically ditched it as part of the Fox takeover.
Re:Bloomberg bankrolls a social-media army
by ep103 on Wednesday February 19, 2020 @05:37PM
(#22370857)
Why is that a bad thing? It means the murdochs are now rich in cash from the acquisition, and free to concentrate on their news division, which was always his primary concern.
Re:Bloomberg bankrolls a social-media army
by three_seagrass on Wednesday February 19, 2020 @05:49PM
(#22370939)
Murdochs did not want to sell. There was a semi-hostile takeover, involving a Saudi prince, that allowed investors to sell off the profitable franchises to Disney. It's a fairly interesting story if you find the time to read it.
Re:Bloomberg bankrolls a social-media army
by hacym on Wednesday February 19, 2020 @04:26PM
(#22370271)
I've watched enough of Succession to know that everything is for sale.
Re:Bloomberg bankrolls a social-media army
by three_seagrass on Wednesday February 19, 2020 @05:27PM
(#22370772)
Underrated TV show. They even had one of the media conglomerate kids running for president.