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Rupert Murdoch calls off proposed Fox-News Corp merger

Rupert Murdoch calls off proposed Fox-News Corp merger

What's Hot
Rupert Murdoch, chairman of News Corp and co-chairman of 21st Century Fox, arrives at the Sun Valley Resort of the annual Allen & Company Sun Valley Conference, July 10, 2018 in Sun Valley, Idaho.Drew Angerer | Getty ImagesRupert Murdoch has withdrawn the proposal to re-combine Fox Corp and News Corp.Fox said Tuesday its board received a letter from Murdoch, its chairman, and his son and Fox CEO Lachlan Murdoch that "determined that a combination is not optimal for the shareholders" of either of the companies at the time.related investing newsThe potential merger had faced opposition from shareholders in recent months, who didn't believe a merger would show the true value of News Corp. if it merged with Fox.News Corp CEO Robert Thomson told employees Tuesday the decision to call off...
Who would buy WWE, as McMahon returns to board to pursue sale

Who would buy WWE, as McMahon returns to board to pursue sale

Business
World Wrestling Entertainment Inc. Chairman Vince McMahon is introduced during the WWE Monday Night Raw show at the Thomas & Mack Center August 24, 2009 in Las Vegas, Nevada.Ethan Miller | Getty ImagesVince McMahon has returned to the World Wrestling Entertainment board of directors to facilitate potential sale talks ahead of the company's media rights renewal.The notion of WWE selling isn't new. CNBC reported it looked like a sale target in April and that it appeared only more attractive in July after a sexual misconduct scandal. The rationale is fairly straightforward: WWE is valuable intellectual property.Owning IP allows streaming services to exclusively offer content without the annoyance of winning licensing rights in an auction every few years. WWE also has value to offer in ...
Fox CEO Lachlan Murdoch to face questioning in Dominion lawsuit

Fox CEO Lachlan Murdoch to face questioning in Dominion lawsuit

Business
Lachlan Murdoch, co-chairman and chief executive officer of Fox Corp., attends the annual Allen and Co. Sun Valley media conference in Sun Valley, Idaho, July 11, 2019.Brendan McDermid | ReutersFox Corp. CEO Lachlan Murdoch is slated to appear for a deposition on Monday as the Dominion Voting Systems defamation lawsuit against the company and its cable networks moves forward.Dominion's lawsuit against Fox, which is seeking $1.6 billion in damages, has argued Fox News and Fox Business made false claims its voting machines rigged the results of the 2020 election between Donald Trump and Joe Biden.Fox personalities including Maria Bartiromo, Sean Hannity, Tucker Carlson and Jeanine Pirro were deposed earlier this year.Murdoch will be the highest ranking executive to be questioned so far. A...