Friday, 29 May 2015
Last updated 1 hour ago
Sep 11 2013 | 10:20am ET
Southeastern Asset Management, until recently Carl Icahn's partner in his effort to sink Dell Inc.'s $24.8 billion buyout, has a new target: Rupert Murdoch's media empire.
Southeastern has taken an 11.9% stake in News Corp., it said, yesterday. The firm's $397 million holding makes them News Corp.'s second largest shareholder behind Murdoch, who owns 39% of the company.
News Corp. owns, among many other things, The Wall Street Journal, New York Post, London's The Times and The Sun, publisher HarperCollins and Fox Broadcasting.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…