Bloomberg News

News Corp. Is Said to Work With Goldman Sachs on Breakup Plans

June 26, 2012

News Corp. (NWSA:US) hired Goldman Sachs Group Inc. (GS:US) for financial advice on its plans to break up the company, according to two people with knowledge of the situation.

Separating News Corp.’s entertainment assets would help preserve their value after the New York-based company’s publishing business came under fire for a phone-hacking scandal at its U.K. newspapers, said one of the people, who declined to be identified because the matter is private.

To contact the reporters on this story: Serena Saitto in New York at ssaitto@bloomberg.net; Edmund Lee in New York at elee310@bloomberg.net

To contact the editor responsible for this story: Nick Turner at nturner7@bloomberg.net


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Companies Mentioned

  • NWSA
    (News Corp)
    • $15.22 USD
    • 0.20
    • 1.31%
  • GS
    (Goldman Sachs Group Inc/The)
    • $193.28 USD
    • 1.67
    • 0.86%
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