Rupert Murdoch considers merger of two halves of his business empire

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Rupert Murdoch's companies News Corp. and Fox Corp. said they are exploring a potential merger at the behest of Murdoch and his family’s trust.

The Murdoch Family Trust owns about 40 percent of the voting stakes in both News Corp and Fox Corp — and any combination would amount to something of a corporate reunion.

But it was accompanied by a measure of Murdoch family drama. Rupert Murdoch’s younger son, James, left his role as CEO of their European and Asian businesses — including the London tabloids. He eventually became CEO of the entertainment company 21st Century Fox. But he ended up clashing over business strategy with his older brother, Lachlan, who had been elevated to executive co-chairman of the company.

In 2019, the Murdochs closed a $71.3 billion sale of most of 21st Century Fox — which also included the FX cable network, Fox Searchlight label and National Geographic properties — to Disney.While James Murdoch left his executive roles with the sale, Lachlan elected to stay and run the parts of the company that remained under Murdoch control, including Fox News, Fox TV stations, and Fox Sports.

 

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What about your the other half?!

I remain pretty surprised that one person has single-handedly destroyed three separate continents. There has been no greater scourge on earth in the last 75 years than Mr. Murdoch.

The old school fascists and the new school fascists!

Sincerely one the the worst human beings alive. Utter filth.

History will not be nice to this man.

Evil lives long.

Murdoch inc = global cancer

Pile o' shit.

it's time to re-examine foreign ownership of us media

Maybe he should trying merging his body with an actual soul.

The evil half and the dishonest half?

He's evil!

Looks like revenue is down 😈

I wonder why 🤔

How come no one is talking about this!

It's live now airdrop on👏

That family is one of the most destructive forces in this country’s history.

Okay, buy will Kendall, Shiv or Roman run it?

Great - so one huge organisation of liars, cheats, twisters of information and purveyors of fake news - assisting evil across the world!

Things falling apart.

I wonder if this potential merger actually has to do with defending the companies from Dominion Voting Systems' $1.6 billion defamation suit and Smartmatic's $2.7 billion defamation suit, since a court ruled in June Dominion can sue Fox Corp too? Imagine Fox paying out $4.3B 😊

How about shutting them down for being a national security risk?

Hello. I'm Brazilian and I want to ask you for help. On the 30th we will have presidential elections and if Bolsonaro wins, we will lose the Amazon, so important for the whole world. Please put pressure on President Biden to take action against Bolsonaro. Help us!

'they are not sending their best'

I think Mr Murdoch has worn out his welcome here in the US and he needs to find another country todestroy with his lies

And they're calling it Oscorp

Now I know who is behind the lying Faux news.

Murdoch is destroying this country

Just a terrible, terrible man and terrible family. I hope history isn't kind to them at all.

I dunno but maybe not a great idea while the Dominion Voting lawsuit against Fox News is going on.

The pic shows you evil incarnate takes many forms. There you see one. His native country doesn't want him and his adoptive country doesn't want him. Guess he'll be buried at sea...shark bait

Hopefully this means a higher settlement for Dominion

I may be wrong, but it sounds like another way for the giant of media to control more people

“News Corp., which owns the Wall Street Journal, the New York Post and the London-based Sun tabloid, and Fox Corp., which encompasses Fox News and Fox Sports, said Friday evening they are exploring a potential merger at the behest of Murdoch and his family’s trust”

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Why is everybody silent on this?

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Why dont they want us to know this

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