‘Rupert Murdoch has come out of hibernation’: Top analyst backs Fox-News Corp merger

, as well as a 61.2 per cent stake in REA Group, confirmed last Friday that it had formed a special committee of independent directors to explore “a potential combination” with Fox Corporation. The Murdoch family controls almost 40 per cent of the voting stock in both companies.

“When the split occurred it was to protect the mothership - it was to protect the most significant assets of all which were the American assets,” Enders said. “That is still the case. Fox News is by far the most significant asset of the whole pile of assets that they own.” Fox Corporation continues to own television assets such as Fox Broadcasting, Fox News, Fox Sports, and has investments in sports betting companies as well as advertising-based free streaming service Tubi.Claire Enders, founder, Enders Analysisrich list estimated that Murdoch, 91, and his extended family were worth $US20.8 billion.

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