News Corp. Declines To Hint On Possible Purchases

Sunday 19th May

News Corp. Declines To Hint On Possible Purchases

Posted at 7:54AM Thursday 08 Nov 2012

News Corp. has more than $10 billion in cash, prompting much speculation about possible takeover targets as company Chairman Rupert Murdoch prepares to split his media empire into two publicly traded companies next year.

Murdoch last month expressed interest in buying the Penguin book publishing house from Pearson, but in an apparent snub to Murdoch, the company instead agreed to merge Penguin with Random House, owned by Bertelsmann.

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