Murdoch pulls plug on possible merger of News Corp., Fox

📆 25/01/2023 1:30 p. m.

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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.

📆 25/01/2023 1:30 p. m.
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In similar statements Tuesday, the companies said their boards received letters from Murdoch withdrawing the plan.

The elder Murdoch first floated merging News Corp. -- which owns The Wall Street Journal, New York Post, The Sun and The Times in the U.K., and book publisher HarperCollins -- and Fox Corp. that controls Fox News, Fox Sports and local TV stations, in October, according to regulatory filings.

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