Cybersecurity
Rupert Murdoch Sells All Nonvoting Shares in News Corp.
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News Corp. Chairman and Chief Executive Officer Rupert Murdoch sold all of his nonvoting Class A shares in the company, retaining his voting stake.
Murdoch sold 418,631 shares on Nov. 20 for $23.87 to $24.01 each for a total of more than $10 million, according to a filing to the Securities and Exchange Commission. The sale was for estate-planning purposes, according to a person with direct knowledge of the situation who asked not to be named because the matter is sensitive.