Rupert Murdoch has sold almost all his News Corp ‘A Class’ shares, reducing his common shareholdings from around 4 million non-voting shares to just 381,000. Selling 3.6 million shares generated a total of about $62 million.  Murdoch sold the stock for “financial planning reasons” according to press reports. Back in February he had bought 2.8 million A Class shares at prices of about $17.30. These latest sales were at between $16.76 and $17.07, suggesting they could have been sold at a loss.

Murdoch still owns plenty of all-important News Corp stock in the form of B-Class voting shares, via his own and family trust holdings which total 40 per cent.

Other posts by :

1. SES predicts end of ‘big’ Geo satellites
2. Amazon Leo gets approval for 4,504 extra satellites
3. SpaceX gets a portion of India
4. TerreStar wants to build LEO network
5. Musk: “No Starlink phone”
6. Russia accused of eavesdropping on satellites
7. FCC welcomes Musk’s 1m satellite plan
8. Telesat has problems with an LEO
9. Orbital debris a real danger 

Categories: Articles, Business, Funding