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

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

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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…

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