As you know, recently News Corp. took over the British broadcaster Shine Television Group. The deal was valued at $675 million, drawing backlash from some of the news empire's major shareholders.
The fact is that Shine Television Group owned by Elizabeth Murdoch, daughter of Rupert Murdoch. The acquisition of her company was clearly done with the aim of returning the heiress to News Corp., where it is already tipped as successors. The daughter left her father's company in 2001, founding shine. And she clearly succeeded.
And everything would be fine, but only the shareholders felt that the amount of the transaction was too high. They accused Murdoch that in making such a deal, he pursued only the interests of his family, worrying little about his shareholders. At the same time, it is argued that the neglect of the interests of shareholders is a normal phenomenon for a media mogul. Plaintiffs' claim is monetary compensation.
