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News Corp. Focusing on Legal Fallout
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News Corp. Focusing on Legal Fallout
After News Corp (NASDAQ:NWSA) pulled their bid of broadcast network BskyB, the company is now focused on fighting the political and legal fallout of the U.K. phone hacking scandal and is unlikely to quickly any asset sales.The end of the bid for BskyB will charge Wall Street banks around $80 million in lost advisory fees, according to Thomson Reuters.News Corp has a potential upside of 27.5% based on a current price of $15.93 and an average consensus analyst price target of $20.31.
Video Length: 0
Date Found: July 15, 2011
Date Produced:
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