MADRID (MarketWatch) -- Investment firm Southeastern Asset Management, Inc. has taken an 11.9% voting stake in News Corp. (NWS), according to a regulatory filing on Tuesday. Southeastern's Chief Executive Officer O. Mason Hawkins recently teamed up with Carl Icahn to block a buyout bid to take Dell Inc. (DELL) private, an effort that was abandoned on Monday. According to the filing, Southeastern purchased 23,767,700 Class B shares of News Corp. and based on Tuesday's closing price of $16.72, the stake is worth around $397 million. Southeastern now has a 12% voting stake behind Chairman Rupert Murdoch, who holds a 39% stake of News Corp's voting stock, according to a report from Bloomberg News. News Corp. owns MarketWatch, the publisher of this report.
-Barbara Kollmeyer; 415-439-6400; AskNewswires@dowjones.com
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(END) Dow Jones Newswires
09-11-13 0309ETCopyright (c) 2013 Dow Jones & Company, Inc.
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