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MUMBAI:
News Corp. has announced that it will voluntarily transfer
its stock exchange listing in the US from the New York Stock
Exchange (NYSE) to The Nasdaq Global Select Market from 29
December.
On
Nasdaq, the company’s Class A common stock will trade
under the symbol NWSA and its Class B common stock will trade
under the symbol NWS.
News
Corp. senior VP, investor relations Reed Nolte says, “Our
move to Nasdaq will ensure that our stockholders have access
to the most current trading technology possible. We are confident
that Nasdaq’s broad offerings and exceptional service,
coupled with a cost-effective structure, will provide more
value for our stockholders”.
Nasdaq
OMX executive VP, global corporate client group Bruce Aust
says, "News Corp. has been defined by innovative ideas,
and its leadership in news and entertainment has changed the
media landscape. We are very pleased to welcome News Corp.
to Nasdaq OMX and our family of 4,100 industry leading companies."
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