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Rupert Murdoch calls off proposed Fox-News Corp merger

The Guardian M&A

Billionaire mogul says in letter that proposal to reunite companies he split up a decade ago ‘not optimal’ for shareholders Fox Corp said on Tuesday that Rupert Murdoch had scrapped a proposal to combine the company with News Corp, in a deal that would have reunited the media empire he split nearly a decade ago. Continue reading.

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News Corp and Fox Corp's Possible Consolidation, Faster Lead Times For iPhone 14 Models, Kanye West Buys Conservative Social Media Platform, Twitter Prepares Tackling Spread Of Misinformation: Top Stories Monday, Oct. 17

Benzinga

Rupert Murdoch Explores News Corp and Fox Corp Consolidation. Rupert Murdoch weighed merging his media empire, News Corp (NASDAQ: NWSA ) and Fox Corp (NASDAQ: FOX ), nearly a decade after the companies split. Wall Street Journal. The companies could join forces in sports betting, they added.

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Is Rupert Murdoch Really Moving on from Fox and News Corp?

NYT M&A

The 92-year-old media tycoon is set to become chairman emeritus of Fox and News Corporation, but he still wields considerable power over the empire he built.

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Murdoch’s succession: who wins from move to reunite Fox and News Corp?

The Guardian M&A

But talk of famous front pages and scoops among guests at Monday’s night event, which included News Corp boss Robert Thomson and News UK chief Rebekah Brooks, was overshadowed by the news that broke three days earlier: the mogul’s plan to reunify his media empire. Continue reading.

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As Fox and News Corp Weigh Merger, an Activist Has Its Own Vision

NYT M&A

Irenic Capital Management, which has a $150 million stake in News Corp, wants the company to split up its media and real estate listings businesses.

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News Corp Investors Raise Concerns About Proposed Merger With Fox

NYT M&A

Concerned that a merger would undervalue News Corp, investors are asking a special committee of independent board members to look more skeptically at the proposal.

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T. Rowe Price Raises Concerns About News Corp’s Merger With Fox

NYT M&A

Rowe Price, the largest owner of News Corp after the Murdoch family, says the deal risks undervaluing News Corp.