Mar 25, 2021 - Economy

News Corp to acquire Investor's Business Daily for $275 million

Photo by Gary Hershorn/Getty Images

News Corp announced Thursday that it has agreed to acquire Investor's Business Daily for $275 million.

Why it matters: News Corp. says the deal "will expand Dow Jones's offering with the addition of proprietary data and tools for professional and retail investors to help them identify top-performing stocks."

Details: Like most newspaper publishers, News Corp is looking to transition its business to be more focused on digital and subscriptions.

  • In a statement, News Corp said the asset was attractive because it experienced "double-digit revenue growth over the past several years, with digital representing more than 90% of IBD's revenues and subscriptions."
Go deeper