May 26, 2013

News Corp share prise rises to five year high

The News Corp share price has hit a five year high, reaching highs of over $22 following news that the company plans to split its publishing and entertainment businesses into separate listed companies.

Some analysts have upgraded the stock from a hold to a buy.

During trading in New York on early Wednesday, the stock was trading at prices which it hadn’t experienced since the latter half of 2007.

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