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The Latest Breaking News from Starboard

News Corp should spin off $7bn digital real estate assets, says activist investor

Rupert Murdoch empire could secure windfall by breaking up business, says Starboard Value

The Guardian - UK

Outback Steakhouse Stock Surges After Activist Investor Builds Holdings As Restaurant, Grocery Consolidation Widens

Bloomin' Brands jumped early Friday after the WSJ reported Starboard Value is a top-five investor.

Investors Business Daily

Why Shark Week Capturing The 'World's Most Famous Orcas' On Camera Originally Seemed Like A Terrible Idea To One Expert

Shark Week's "Alien Sharks" special captured Port and Starboard on camera, and expert Forrest Galante originally thought it was a terrible idea to try!

Cinemablend

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Digital conglomerate buys right-wing app Parler

The digital media conglomerate Starboard said Friday it purchased the conservative social media site Parler and will temporarily take down the app as it undergoes a “strategic assessment.”

The Independent UK

Social media site Parler goes offline after acquisition

New deal comes after agreement with Kanye West fell apart.

Fortune

Activist Investor Elliott Management Joins Starboard In Targeting Salesforce

Activist investor Elliott Management has joined hedge fund Starboard Value in targeting CRM stock with a multibillion investment.

Investors Business Daily

Market Rallies, Hits Resistance As Treasury Yields Soar; Tesla, Netflix Are Big Movers: Weekly Review

Stocks jumped Monday, but soon hit resistance amid surging Treasury yields. Tesla hit lows on earnings while Netflix jumped.

Investors Business Daily

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Starboard Value Holds A 5% Stake In Splunk: Check Out These 2 Dividend Stocks Jeffrey Smith Also Has A Sizable Stake In

The activist investor Jeffrey Smith founded Starboard Value LP in 2002, seeking to invest in deeply undervalued companies and actively engage with management teams to identify and execute on opportunities to unlock value for the

Benzinga

Salesforce Pops As Hedge Fund Starboard Discloses Stake In Software Maker

Salesforce popped on Tuesday after activist investor Starboard Value disclosed that it has taken a stake in the enterprise software maker.

Investors Business Daily

News Corp and Fox Corp's Possible Consolidation, Faster Lead Times For iPhone 14 Models, Kanye West Buys Conservative Social Media Platform, Twitter Prepares Tackling Spread Of Misinformation: Top Stories Monday, Oct. 17

Wall Street Journal Rupert Murdoch Explores News Corp and Fox Corp Consolidation

Benzinga

Why Kohl's Shares Are Plunging Today

Kohl's Corp (NYSE:KSS) has called off discussions to sell its business to Franchise Group Inc (NASDAQ:FRG), CNBC reported. The decision comes at a time when there is increased volatility in the stock market and the economy as the Federal Reserve seeks to hike interest rates to contain inflation. Related: Multiple Bidders, Key Executives Departure, Mixed…

Benzinga

Kohl's Gets $9 Billion Bid From Starboard Value Group

A consortium backed by activist hedge fund Starboard Value LP has offered roughly $9 billion to buy department store Kohl's Corp., according to people familiar with the matter.

Bangkok Post

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