(Bloomberg) — Rupert Murdoch’s plan to combine News Corp. and Fox Corp., recreating the conservative-leaning media goliath that he split apart nine years ago, drew mixed reactions on Wall Street.
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Several analysts said the potential recombination is unlikely to solve one of the key problems facing Fox and News Corp. — low valuations relative to their peers. While News Corp. gained 3.4% amid a broad market rally, Fox’s Class A shares dropped 9.4% for the biggest…
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