#GameStop #Corp (NYSE:GME) jumped 32.1% after the company posted a surprise #profit for the fourth quarter, helped by lower costs and job cuts.

"We applaud the decision to forgo such a transaction as #News #Corp considers other options to unlock value," he said in a statement.

Since the move to renuite #Fox and #News #Corp was first announced in October last year, a number of large shareholders on both sides had opposed the deal

Rupert Murdoch withdrew his proposal to explore a reunion of Fox News’ parent and #Wall Street Journal owner News #Corp.

#Murdoch scraps #proposal to merge Fox, News #Corp, eyes Move sale

#Microsoft #Corp. is fighting back against allegations from the US Federal #Trade #Commission .