Company Profile: News Corp. is a global media company with operations in filmed entertainment, television, cable network programming, magazines and newspapers. Fox and The Wall Street Journal are among the company's most recognizable brands.Paulson's Investment: Paulson & Co. purchased 10.4 million shares of News Corp. during the second quarter, a position worth about $184 million as of June 30. Share Price Performance: Despite the phone hacking scandal that closed down News of the World and threatens Rupert Murdoch's position as CEO, News Corp. has been a winner this year, rising more than 16%. Since June 30, however, shares are down 4.5%.
2. Savvis (SVVS) Company Profile: Savvis provides cloud-infrastructure and hosted-IT services. Paulson's Investment: Paulson & Co. snatched up 5.7 million shares of Savvis during the second quarter, which carried a market value of $225 million at the time. Share Price Performance: Savvis was likely a winner for Paulson before the company was acquired in mid-July by CenturyLink (CTL). Before the acquisition was completed, shares of Savvis were up 55% in 2011.