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News Corp. Shares Fall 5%
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News Corp. Shares Fall 5%
Shares of News Corp (NWSA) fell almost 5% to $15.85 early Monday the day after the reports surfaced that the U.K.'s Prime Minister David Cameron is facing pressure to setback approval of the company’s acquisition of British Sky Broadcasting Group.News Corp., which offered British Sky Broadcasting $14 billion for 61% of the company, noticed the pressure to delay after the share price took a hit last week in the midst of the phone-hacking scandal at the now defunct News of the World publication.News Corp. has a potential upside of 27.7% based on a current price of $15.91 and an average consensus analyst price target of $20.31.
Video Length: 0
Date Found: July 12, 2011
Date Produced: July 12, 2011
View Count: 0
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