Original article by Crystal Tse
The Australian Financial Review – Page: Online : 18-Oct-23

Starboard Value has used an investor presentation to argue that News Corporation is significantly undervalued. The activist investor contended that News Corp could unlock more than than $US7bn ($11bn) for shareholders by divesting its 61 per cent stake in Australian-listed REA Group. The firm argued that doing so would also highlight the value of News Corp’s other assets, and it values the media group’s assets at around $US33 per share overall. News Corp’s US-listed shares are currently trading at around $US22.

CORPORATES
NEWS CORPORATION – ASX NWS, STARBOARD VALUE LP, REA GROUP LIMITED – ASX REA