US EditionMurdoch Succession Deal Gives Lachlan Control Through 2050, Buys Out Three Siblings
Lachlan Murdoch secures leadership of Fox Corp and News Corp through a $3.3 billion deal, while siblings receive buyouts and relinquish voting rights in the family trusts.
- Rupert Murdoch's family has reached a deal ensuring Lachlan Murdoch controls Fox Corp. until 2050, maintaining the network's direction, particularly for conservatives and Donald Trump.
- Lachlan Murdoch will control Fox alongside his younger sisters, Grace and Chloe, while his older siblings relinquished claims for $3.3 billion in stock.
- A new trust will be created for Lachlan and his sisters, resolving disputes over the succession of Rupert Murdoch's media empire.
- The agreement ends a lengthy family dispute regarding control of the media group after Rupert Murdoch's death.
136 Articles
136 Articles
Here’s How Much Each Of Rupert Murdoch’s Kids Could Be Worth
A settlement announced Monday ended a two-year dispute over control of the trust that holds the family’s FOX and News Corp shares. But 94-year-old patriarch Rupert Murdoch has a lot of other assets to divvy up.
CHRONIQUE. The 94-year-old magnate considered his eldest son, Lachlan, the most able to take over the reins of his empire. But for this it was necessary to compensate the other children and to change the trust that controls the group. The conduct of business and the family agreement rarely make a good living, says Isabelle Chaperon, a columnist in the "World Economy" department.
The real life ‘Succession’ – Murdoch’s eldest son wins control of €3bn family media empire
Rupert Murdoch and his children resolved a family feud with a settlement that gives favoured son Lachlan Murdoch broad control, and ensures Fox News and the rest of the sprawling media empire retains its conservative slant.
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