Rupert Murdoch Pulls the Plug on News Corp.-Fox Corp. Merger

Rupert Murdoch has withdrawn his proposal to remerge Fox Corp. and News Corp. nine years after they split, sending a letter to his board of directors on Tuesday announcing the decision. “In withdrawing the proposal, 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,” News Corp’s boardannouncing that Murdoch had pulled the plug on a merger. “As a result of this action, the Special Committee of the Board of Directors of News Corp has been dissolved.” The 91-year-old mogul and his son sought to reunite the media empire, which split up following

That’s nice. One of his papers asked if there are too many Asians.

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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’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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