Ruper Murdoch is abandoning his effort to reunite his media empire via a proposed merger of Fox Corp. and News Corp. Murdoch sent a letter to the boards of both companies, Murdoch said that a combination of the two companies was “not optimal” for shareholders. The potential merger had faced pushback from large News Corp and Fox shareholders such as Independent Franchise Partners and Irenic...
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Musk Puts $20 Billion Value on Twitter
Elon Musk offered Twitter employees stock grants at a valuation of roughly $20 billion, said a person familiar with an email Musk sent to staff, less than half what he paid to buy the company. It was a concrete acknowledgment of how much Twitter’s value has dropped since the deal—but it is still well above public market valuation levels for Twitter’s rivals. As Musk has...
Twitter Valued at $20 Billion in New Employee Stock Grant
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