Independent Franchise Partners, which spoke out against News Corp’s plans to merge with Fox, says there are signs of greater alignment between management and shareholders.
then immediately announced talks were taking place with a rival to sell Move, the US-arm of the digital real estate portfolio.inaugural Alpha Live conference
in which hedge funds, institutions, macro investors and value investors will share their expert views on the market and investing. Mr Vowles said: “We’ve been engaging behind the scenes for a lot longer before we actually went public with the board around a few topics, but one of them is certainly the simplification of the business, particularly their real estate assets.
“When this potential merger between Fox and news was announced, we felt that it wasn’t in the best long-term interests of shareholders to merge the business businesses as they currently stood. “Given the time sensitive nature of this review by the special committee, we felt that we needed to put our views out and in public, which we did.”
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