Why News Corp (NWS) Shares Are Gaining Today - CoStar Gr (NASDAQ:CSGP), News (NASDAQ:NWSA), News (NASDAQ:NWS)

News Corp NWS NWSA confirmed discussions with CoStar Group, Inc CSGP regarding a potential sale of Move, Inc, operator of Realtor.com.
Any potential transaction would support News Corp's strategy to optimize the value of its Digital Real Estate Services segment while strengthening Realtor.com's competitive position in the market.
On January 24, Fox Corp's FOX FOXA controlling owner Rupert Murdoch withdrew the proposal to explore a potential combination of Fox and News Corp.
Murdoch indicated that he and Lachlan K. Murdoch have determined that a combination is not optimal for the shareholders of Fox and News Corp at this time.
Murdoch weighed the merger nearly a decade after the companies split.
The companies would be on a firmer footing to compete for digital-ad dollars, using the scale of their combined properties.
The combined companies would have around $24 billion in revenue.
The companies could join forces in sports betting, a growing sector in which each side has interests.
Price Action: NWS shares traded higher by 7.79% at $21.46 on the last check Wednesday.