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News Corp. Acquisition Deal for BSkyB Uncertain
News Corp. Acquisition Deal for BSkyB Uncertain
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News Corp. Acquisition Deal for BSkyB Uncertain
In the midst of the News Corporation’s (NASDAQ:NWSA) phone hacking controversy, which has sent shares of the broadcasting company lower this week, British officials said on Friday that it might take longer to review the anticipated acquisition of BskyB, Shares of New Corp are down over 7% on the week and down close to 4% today to a price of $16.77.Individuals had until Friday to present their views on the acquisition. Online campaign organization, Avaaz had over 375,000 signatures which suggested to block the BskyB deal by the deadline.News Corp has a potential upside of 21.1% based on a current price of $16.77 and an average consensus analyst price target of $20.31.
Channel: Voxant Newsroom
Category: Business
Video Length: 0
Date Found: July 08, 2011
Date Produced: July 08, 2011
View Count: 0
 
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