News Corp to spend $275m on Investor’s Business Daily
The financial news firm, which runs Investors.com, will come under Wall Street Journal parent Dow Jones after the acquisition
25 March 2021 - 16:34
Bengaluru — Rupert Murdoch’s News Corp said on Thursday it would acquire Los Angeles-based financial news firm Investor's Business Daily (IBD) from O’Neil Capital Management for $275m.
The deal comes at a time when many media organisations across the world are aggressively cutting costs to cope with the brunt of the Covid-19 pandemic’s economic effects...
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