Rupert Murdoch abandons plan to recombine Fox and News Corp | CNN Business

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Rupert 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

The companies said in nearly identical press releases that they had received a letter from Murdoch indicated that both he, and his son Lachlan, determined a combination of the two companies was not “optimal” for shareholders at this time. The companies said that their special committees that had been created to examine the possible merger had been dissolved and thanked them for their “efforts on this matter.” It’s unclear why Murdoch has chosen to suddenly abandon the deal.

Independent Franchise Partners, a significant investor in Murdoch’s companies, said in late November that it opposed the deal. Murdoch had proposed the deal last fall, nearly a decade after Fox Corporation and News Corporation split apart in 2013. His move to reunite the two arms of his media empire came after he sold most of his Fox assets to Disney in 2019. Fox Corporation operates the right-wing channel Fox News, in addition to Fox Sports and Fox TV Stations.

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He will be paying Dominion billions

I’m surprised he hasn’t file chapter 11 to protect himself

Fox News obliterated CNN during the primetime hours of 8-11 p.m., averaging nearly two million total viewers compared to only 444,000 for CNN !! 😂😂😂

he could merge with CNN and pick up 30,000 slack jawed Dems

Fake news corporations

A sensible merger would be with Russian state TV

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

How do these elites live so long 🤔 It would make you sick if you knew

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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!!! 🤣🤣🤣🤣🤣🤣🤣🤣🤣😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂
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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.
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Rupert Murdoch’s News Corp. And Fox Abandon Potential Merger After Special Committee Found “A Combination Is Not Optimal For Shareholders”News Corp. and Fox Corp., both controlled by Rupert Murdoch, have abandoned a potential merger after a special committee determined that “a combination is not optimal for shareholders.”…
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