James Murdoch Sells $25 Million Of News Corp. Shares
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James Murdoch, deputy chief operating officer of News Corp. and son of Chairman Rupert Murdoch, sold $25.1 million of nonvoting shares in the company, capitalizing on a 65 percent gain in the stock over the past year.
Murdoch, 40, sold 752,000 Class A shares at $33.32, representing more than a fifth of his stake, according to a U.S. Securities and Exchange filing. Murdoch still owns 1,644 Class B shares, which have voting rights in News Corp.