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News Corp to de-list from the London Stock Exchange over low volumes
indiantelevision.com Team
MUMBAI: Media conglomerate News Corp will cancel its listing on the London Stock Exchange (LSE) due to low levels of trading volume.
The company has said that less than one per cent of its global stock was being traded through the LSE. The date for the delisting is 28 June 2013.
The delisting precedes the company?s split into two separate businesses at the end of next month, The publishing side will retain the News Corp. name while entertainment business will go under 21st Century Fox.
