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Ruport Murdoch Reportedly Sold $125 Million in Theranos Stock for Just $1 (NWSA)

Business Insider

Rupert Murdoch has sold his $125 million stake in beleaguered blood testing startup Theranos, according to a new report from the Wall Street Journal.

Citing a source familiar with the deal, the Wall Street Journal says the company bought back Murdoch's shares for just $1. That price tag could potentially allow Murdoch to write off his investment in Theranos as a loss, a move that could let the media mogul save millions on taxes owed on other investments, the report speculated...

Mentions: Investment Board Chair Stock Market