Fox-News Corp. Merger Dead as Rupert Murdoch Says Deal “Not Optimal” For Shareholders
The proposed merger of Fox Corp. and News Corp. is dead, after Rupert Murdoch sent a letter to the boards of the company’s withdrawing his proposal to reunite his media empire. “In withdrawing the proposal, Mr. Murdoch indicated that he and Lachlan K. Murdoch have determined that a combination is…
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