Cybersecurity
TCI Led Hedge Funds Buying News Corp. Stock During Scandal
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Children’s Investment Fund Management UK LLP, Eton Park Capital Management LP and Paulson & Co. were among hedge funds that invested in News Corp. last quarter as a phone-hacking scandal drove down the media company’s shares.
Christopher Cooper-Hohn’s TCI bought 53.8 million shares of News Corp. valued at $833.5 million during the three months ended Sept. 30, according to a filing yesterday with the U.S. Securities and Exchange Commission. Eric Mindich’s Eton Park purchased 25.9 million shares valued at $400.9 million, while Paulson bought 14.7 million shares of the firm’s Class B stock, according to separate SEC filings.