Rupert Murdoch abandons News Corp., Fox merger after investors push back

Posted 2023-01-25, The Los Angeles Times Headlines

Photo: AP / Mary Altaffer

Rupert Murdoch has abandoned his bid to reunite the two halves of his media empire. Facing resistance among leading investors, the 91-year-old mogul and his son Lachlan on Tuesday notified the respective boards of Fox Corp. and News Corp. that the family was withdrawing its earlier request to explore a combination of... read full story

"have determined that a combination is not optimal for shareholders of News Corp and Fox at this time."

Photo: Rupert Murdoch introduces Secretary of State Mike Pompeo during the Herman Kahn Award Gala, Wednesday, Oct. 30, 2019, in New York. Pompeo received the Hudson Institute's 2019 Herman Kahn Award. (AP Photo/Mary Altaffer)

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