Wednesday, February 1News That Matters
Shadow

Tag: News Corp Class A

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Allen & Company Sun Valley Conference, July 10, 2018 in Sun Valley, Idaho.Drew Angerer | Getty ImagesRupert Murdoch has withdrawn the proposal to re-combine Fox Corp and News Corp.Fox said Tuesday its board received a letter from Murdoch, its chairman, and his son and Fox CEO Lachlan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...