News Corp, one of the world’s largest media conglomerates, has had its real estate deal to purchase a building in New York City fall through. This is a major setback for the company, as it had planned on moving into the building and using it as a hub for its global operations. The failed deal brings up some interesting questions about News Corp’s future plans and what this means for the company going forward. In this blog post, we’ll explore what led to the collapse of the deal, how it affects News Corp’s current situation, and what could be next for the media giant.

News Corp’s Real Estate Deal Falls Through

News Corp’s deal to sell its real estate portfolio has fallen through, according to a report from The Wall Street Journal.

The deal, which was announced in December, would have seen News Corp selling its global headquarters at 1211 Avenue of the Americas and other properties to a group of investors led by Brookfield Asset Management for $US725 million.

However, the deal has now collapsed due to disagreements over the price and terms of the sale, sources familiar with the matter told The Wall Street Journal.

News Corp is now said to be looking at other options for its real estate portfolio, which includes office towers in New York, Los Angeles and London.

The failed real estate deal is yet another setback for News Corp, which has been struggling to turn around its business following the split from 21st Century Fox in 2013.

What This Means For The Company

When a deal falls through, it’s always disappointing. But when it’s a high-profile deal like News Corp’s $580 million real estate deal with Hudson Yards, it’s even more newsworthy.

The good news for News Corp is that they have a lot of other irons in the fire. They are still in talks to lease office space at One World Trade Center and they just signed a lease for new offices at 1211 Avenue of the Americas. So while the Hudson Yards deal fell through, News Corp is still moving ahead with their plans to expand their NYC presence.

In the short-term, the failed deal means that News Corp will have to continue to look for office space elsewhere in Manhattan. But in the long-term, this could be a blessing in disguise. The failed deal frees up News Corp to pursue other opportunities that may be a better fit for their needs.

The Future of News Corp

When Rupert Murdoch’s News Corp announced that it was selling off its stake in real estate company REA Group, many industry watchers took it as a sign that the media conglomerate was looking to divest itself of non-core assets and focus on its core businesses.

However, the deal fell through, with News Corp citing “unresolved issues” as the reason for the collapse.

So what does this mean for News Corp’s future?

For one thing, it could mean that the company is reconsidering its strategy of selling off non-core assets. This would be a significant shift, and one that would likely be welcomed by investors.

It could also mean that News Corp is having difficulty finding buyers for its non-core assets. This could be a sign that the company is overvalued, or that potential buyers are concerned about the future of the business.

Only time will tell what this latest development means for News Corp’s future. However, it is clear that the company is facing some challenges as it looks to refocus its business.