Wall Street Journal

Rupert Murdoch examines the consolidation of News Corp and Fox Corp

• Rupert Murdoch considered merging his media empire News Corp NWSA and Fox Corp FOXnearly a decade after the companies separated.
• People familiar with Murdoch’s proposal said the combined company would have more balance sheet strength to make acquisitions. The companies could join forces on sports betting, they added.
• Lachlan Murdoch, co-chairman of News Corp and chairman and CEO of Fox, would likely see a significant increase in his responsibilities.

Activist investor Starboard has a 5% stake in Splunk and is likely to discuss its prospects at Tuesday’s meeting

• activist investor Starboard value LP own a significant stake Splunk Inc SPLKplans to urge the software maker to take action to boost its share price.
• Starboard’s share is just under 5%.
• Jeff Smith, Starboard’s founder and CEO, will be speaking at an activist investment conference on Oct. 18 and is likely to explain the fund’s thesis.
• Earlier this year, when Splunk was without a CEO and its stock plummeted after a series of disappointing earnings reports, it at least piqued Splunk’s takeover interest Cisco Systems, Inc CSCO.

Goldman plans to combine investment banking and trading in a major organizational overhaul

• Goldman Sachs Group Inc GS is planning a major reorganization to consolidate its largest businesses into three businesses.
• Goldman will combine its investment banking and trading businesses into one entity, while asset and wealth management will be combined into another.

Reuters

Renault’s EV, Hybrid rises to 40% of its total sales in Europe

• French carmaker Renault ADRs RNLSY Sales of electric and hybrid vehicles in 2022 have almost doubled in relation to the brand’s European sales.
• The automaker pledged it is well-equipped to transition to electric vehicles (EVs) by 2030.
• In 2021, Renault’s electric vehicles accounted for 25% of European sales and around a third in the first half of 2022.

Kroger/Albertson’s $25 billion…