Murdoch Succession Deal Gives Lachlan Control Through 2050, Buys Out Three Siblings
Lachlan Murdoch bought out his three siblings for $3.3 billion, consolidating control of Fox Corp and News Corp through a trust lasting until 2050, ending years of family disputes.
- In September 2025, Lachlan Murdoch gained control of the family's media empire after agreeing to buy out his siblings for $1.1 billion each.
- The deal is valued at $3.3 billion, allowing Lachlan to lead the empire until 2050, concluding a legal battle with his siblings Prudence and Elisabeth.
- Lachlan's siblings will each receive $1.1 billion for their shares as part of the settlement, ensuring a conservative media direction.
- A new family trust will be created for Lachlan and his sisters, remaining active until 2050.
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139 Articles
A 'Win' For Lachlan Murdoch Is A Loss For Journalism
Andrew Dodd, The University of Melbourne and Matthew Ricketson, Deakin University Rupert Murdoch has succeeded in securing his vision for the future of News Corporation, the global media empire he has always thought of as his family business. To achieve this, he has torn apart his family. He has also ensured his media outlets, especially Fox News, remain committed to his hard right-wing views. With hindsight, this deal was inevitable. The 94-yea…
Lachlan Murdoch, now ruler of the Fox empire, touts victory in succession battle
"It's great news for investors," Rupert Murdoch's eldest son said of the family settlement. "It gives us a clarity about our strategy going forward — and shows that our strategy will be consistent."
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