Rupert Murdoch calls off proposed Fox-News Corp merger

Photograph: Mike Blake/ReutersFox Corp said on Tuesday thathad scrapped a proposal to combine the company with News Corp, in a deal that would have reunited the media empire he split nearly a decade ago.

Murdoch sent a letter to News Corp and Fox withdrawing his proposal to reunite the companies, according to a regulatory filing. He indicated that he and his son, Fox Corp chief executive Lachlan Murdoch, had determined that the combination is “not optimal” for shareholders.Special committees of the Fox and News Corp boards that were reviewing the proposed merger have now been dissolved, the companies said in statements.

Can we just get rid of them, like NZ did. There is no way they should own the name 'The Australian '

fox investors dont want to be associated with news corpse and news corpse investors dont want to be associated with fox , very understandable in both cases ,

Evil man

the sooner this shunt dies the better

Wait till Dominion sues fox into bankruptcy then news corpse can acquire its assets for pennies

They both peddle the same crap and lies

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