A recapitalization plan would end News Corp’s dual-class share structure, which gives the Murdoch family outsized control of the company.
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News Corp subsidiary REA Group abandoned its monthlong quest to take control of Rightmove, which rejected four “unattractive” bids.
Though small compared to each company’s total workforces, work stoppages have set uncomfortable precedents for management.
This month marks the end of what Goldman Sachs estimates will be a record year for stock buybacks, with a volume of roughly $930 billion.
In the first 11 months of the year, 1,991 CEOs have announced their departures, up 16% compared to the same timeframe last year.