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(Reuters) - Activist investor Irenic Capital Management, which has a $150 million stake in News Corp, sent a letter to the company, asking its special committee formed to evaluate a deal with Fox Corp to "explore value-maximizing alternatives to a combination with Fox".
In the letter dated Nov. 20, Irenic said the combination with Fox does not serve News Corp's strategic goals.
In October, media mogul Rupert Murdoch proposed to reunite his media empire by combining News Corp and Fox Corp nearl...
>>> Read more: Investor Irenic asks News Corp to explore alternatives to combination with Fox
In the letter dated Nov. 20, Irenic said the combination with Fox does not serve News Corp's strategic goals.
In October, media mogul Rupert Murdoch proposed to reunite his media empire by combining News Corp and Fox Corp nearl...
>>> Read more: Investor Irenic asks News Corp to explore alternatives to combination with Fox
