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Rupert Murdoch Calls Off Fox-News Corp Merger

By
Sahil Patel
· · Source: The Information

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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