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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.

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Rupert Murdoch Explores News Corp and Fox Corp Consolidation

Benzinga

Rupert Murdoch weighed merging his media empire, News Corp (NASDAQ: NWSA ) and Fox Corp (NASDAQ: FOX ), nearly a decade after the companies split. People familiar with Murdoch’s proposal said both companies could benefit from being more significant, the Wall Street Journal reported.

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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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Herbert J. Siegel, Investor in Major Media Deals, Dies at 95

NYT M&A

As head of Chris-Craft Industries, he played a role in the Time-Warner merger and sold 10 television stations to Rupert Murdoch.

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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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Rupert Murdoch Backtracks on Plan to Merge Fox and News Corp

NYT M&A

News Corp, one of his companies, said Rupert Murdoch had determined that a merger was “not optimal for shareholders of News Corp and Fox at this time.”