- News Corp NWS NWSA is offering $750 million Senior Notes due 2029 in a private secondary offering.
- It intends to use the proceeds for general corporate purposes, including acquisitions and working capital.
- News Corp had recently acquired Investor’s Business Daily from O’Neil Capital Management for $275 million.
- It held cash and cash equivalents of $1.6 billion as of December 31, 2020.
- NWSA stock has gained 198% in the last year.
- Price action: NWSA shares are trading higher by 0.64% at $26.73 on the last check Wednesday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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