The Traderszone Network

Published in TZ Latest News 11 August, 2014 by The TZ Newswire Staff

ValueAct takes $1 billion stake in 21st Century Fox

“We support (Fox’s) stand-alone plan and (believe) that it would drive the stock higher,” ValueAct Chief Executive Jeffrey Ubben told Reuters, adding that he sees Fox as a $50 stock in three years. Fox shares were up 1 percent at $34.69 in late morning trade on the Nasdaq.