Published 1 year ago

Murdoch scraps merger of Fox and News Corp after investor pushback

Summary by Ground News

Rupert Murdoch has withdrawn the proposal to re-combine Fox Corp and News Corp Fox said Tuesday its board received a letter from Murdoch, its chairman, and his son Lachlan Murdoch that “determined that a combination is not optimal for the shareholders” of either of the companies at the time.

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BBC News

Rupert Murdoch ditches plan to merge Fox and News Corp

The media tycoon has withdrawn his proposal, saying it is "not optimal" for shareholders at this time.

1 year ago·United Kingdom

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The Guardian

Rupert Murdoch calls off proposed Fox-News Corp merger

Billionaire mogul says in letter that proposal to reunite companies he split up a decade ago ‘not optimal’ for shareholders

1 year ago·London, United Kingdom

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CTV News

Murdoch pulls plug on possible merger of News Corp., Fox

Rupert Murdoch has pulled the plug on a proposal to bring back together his News Corp. and Fox Corp., saying the merger isn't coming at the right time for shareholders.

1 year ago·Canada

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Reuters

Rupert Murdoch scraps proposal to combine Fox, News Corp, eyes Move sale

Rupert Murdoch on Tuesday withdrew a proposal to reunite News Corp and Fox Corp as the company is also exploring a sale of Move Inc, which operates the Realtor.com website, to CoStar Group, according to a regulatory filing and sources familiar with the process.

1 year ago·United Kingdom

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Associated Press News

Murdoch pulls plug on possible merger of News Corp., Fox

NEW YORK (AP) — Rupert Murdoch has pulled the plug on a proposal to bring back together his News Corp. and Fox Corp., saying the merger isn't coming at the

1 year ago·United States

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abc News

Murdoch pulls plug on possible merger of News Corp., Fox

Rupert Murdoch has pulled the plug on a proposal to merge his News Corp. and Fox Corp. In statements Tuesday, the companies said their boards received letters from Murdoch withdrawing the plan

1 year ago·United States

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