Rupert Murdoch pulls plug on possible merger of News Corp. and Fox

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Rupert Murdoch has pulled the plug on a proposal to bring back together his News Corp. and Fox Corp., saying the merger isn't coming at the right time for shareholders.

Rupert Murdoch has pulled the plug on a proposal to bring back together his News Corp. and Fox Corp., saying the merger isn't coming at the right time for shareholders.

"Mr. Murdoch indicated that he and Lachlan K. Murdoch have determined that a combination is not optimal for shareholders of News Corp. and FOX at this time," the statements said. The media mogul had sent letters to the companies' boards, which formed committees to look into a possible merger.

 

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Why do this? Doesn’t matter what side your on but WHY?……….

Can’t tie in into the legal jeopardy behind the dominion lawsuit!

I don't watch them both anyway. Daily Fail will cease to exist soon 🤣

Yeah a bigger propaganda channel!!

never watched FOX 'News'

Aka- shareholders want more $….

Of course...

Needs all available cash to pay off the Dominion suit.

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