![]() You and your opponents are literally destroying the world under your feet as you scrabble to dominate your ever-shrinking patch of terra firma. No cheerful mountain icons that slap up a polite little “Mine Closed” sign once you’ve sucked them dry Greed Corp’s playfields are built of towering spires of rock rising out of a misty void, and as you drain their riches they crack, crumble and eventually tumble down into oblivion. Greed Corp is a resource-centred, turn-based strategy game which - as the name clearly states - doesn’t pussyfoot around its ruin-the-earth objectives. Thanks to the release of the PC edition via Steam earlier this week, I now have a timely justification for clueing you in to this sweet and substantial gem of a game. I must’ve been all messed up on Heavy Rain. –CNBC's David Faber and Gabrielle Fonrouge contributed to this article.It’s been bugging me all year, the fact I didn’t review Greed Corp when it was released for PS3 and 360 in February. Class A shares of Fox closed at $32.67 on Tuesday, while News Corp's Class A shares closed at $19.53. Both Irenic and Independent Franchise believe News Corp shares are undervalued. Irenic Capital Management was another shareholder that pushed back on the proposed merger, saying Fox didn't serve News Corp's strategic goals. The London firm is one of the largest shareholders in both News Corp and Fox that isn't Murdoch. Some shareholders, like Independent Franchise Partners, believed the merger wouldn't have realized the full potential value of News Corp, and other alternatives, such as a breakup of News Corp, should have been considered. The potential merger had faced opposition from shareholders in recent months, who didn't believe a merger would show the true value of News Corp. ![]() The Murdoch family trust controls about 40% of the voting rights of both companies.Īt the time, the thinking behind the reunion would have been to simply give the merged company greater scale to compete at a time when media companies are competing for subscribers and digital advertising spending, CNBC previously reported. Murdoch had split up the companies in 2013. Fox, with what was left over from the $71.3 billion Twenty-First Century Fox sale to Disney in 2019, owns right-wing networks Fox News and Fox Business, which is a CNBC competitor. News Corp owns Wall Street Journal publisher Dow Jones. However, the deal talks never reached a formal bid, CNBC reported Wednesday.Ī combination of the two companies would have unified leadership in Murdoch's empire and cut costs at a time when the audience is shrinking for both print and TV media. In October, the companies said they had formed a special committee to consider the deal. "As I advised at the beginning of this process, it is best not to speculate on speculation, and so if you do hear from any media, shareholders, customers or others, please alert the communications team in your business," Thomson wrote. He also urged them to keep tight-lipped about the matter. News Corp CEO Robert Thomson told employees Tuesday the decision to call off the proposed deal would have no impact on employees, according to a memo reviewed by CNBC. REA Limited Group, an Australian real estate business that News Corp holds a 61.6% interest in, acquired the remaining 20% stake in Move. In 2014, News Corp acquired an 80% stake in Move. In addition to Wall Street Journal Publisher Dow Jones, News Corp also owns assets such as book publisher HarperCollins and the New York Post. News Corp added that there was no assurance a transaction would result from the talks and it wouldn't comment further on the matter at this time.Ī CoStar Group spokesperson said in a statement Tuesday the company "continuously evaluates M&A opportunities across a broad range of companies to maximize shareholder value."Ī News Corp spokesperson didn't respond to requests for further comment on the matter. "Any potential transaction would support News Corp's strategy to optimize the value of its Digital Real Estate Services segment, while strengthening 's competitive position in the market," News Corp said in the filing. News Corp confirmed in a regulatory filing Tuesday that it is engaged in discussions with CoStar regarding a potential sale of its stake in Move. The deal could be valued at more than $3 billion, CNBC reported Wednesday. The withdrawn proposal comes as News Corp has been in advanced discussions to sell its stake in Move Inc., the parent company of, to commercial real estate company CoStar Group, according to a person familiar with the matter.
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