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Murdoch at 82 starts over with $2.6 bn for deals

The new company officially began trading from Monday


Rupert Murdoch, who began building his media empire 60 years ago, is relishing the chance "to do it all over again" with his newly streamlined publishing company that has $2.6 billion in cash to fuel acquisitions. The new News Corp, the owner of the Wall Street Journal and Dow Jones that split from the entertainment division last week, has more cash at its disposal than any other publisher, according to data compiled by Bloomberg. When Murdoch was asked what he plans to do with the cash hoard, the 82-year-old billionaire told investors that there are "a lot of opportunities ...

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First Published: Tue, July 02 2013. 00:32 IST