FILE - Rupert Murdoch introduces Secretary of State Mike Pompeo during the Herman Kahn Award Gala, in New York, Oct. 30, 2018. Rupert Murdoch has pulled the plug on a proposal to bring together his News Corp. and Fox Corp., saying the merger wasn't coming at the right time for shareholders. In similar statements Tuesday, Jan. 24, 2023, the companies said their boards received letters from Murdoch withdrawing the plan.
“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.
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Rupert Murdoch Pulls the Plug on News Corp.-Fox Corp. MergerIn a Tuesday letter to his board of directors, Murdoch said his proposed remarriage was ultimately “not optimal” for shareholders. That’s nice. One of his papers asked if there are too many Asians.
Source: thedailybeast - 🏆 307. / 63 Read more »
Rupert Murdoch calls off proposed Fox-News Corp mergerRupert Murdoch had been exploring a reunion of Fox and News Corp about 10 years after he split the companies. well, the liability hanging over their head with the dominion suit will do that. Antitrust? IndictmentTime That’s NOT a GOOD SIGN!!! 🤣🤣🤣🤣🤣🤣🤣🤣🤣😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂
Source: CNBC - 🏆 12. / 72 Read more »
Rupert Murdoch abandons plan to recombine Fox and News Corp | CNN BusinessRupert Murdoch has abandoned plans to combine Fox Corporation and News Corporation, a move that would have reunited his broadcasting and print publishing companies under one roof. How do these elites live so long 🤔 It would make you sick if you knew Meanwhile, I’ve abandoned plans lol, probably because News Corp actually has to report facts, and if it merged with Fox News, they have to abide by journalistic integrity. But Fox News makes all their money through sensationalism
Source: CNN - 🏆 4. / 95 Read more »