Rupert Murdoch had proposed the deal last fall, nearly a decade after Fox Corporation and News Corporation split apart in 2013. His move to reunite the two arms of his media empire came after he so…
Rupert Murdoch has abandoned plans to combine Fox Corporation and News Corporation, a move that would have reunited his broadcasting and print publishing companies under one roof.
The companies said in nearly identical press releases that they had received a letter from Murdoch indicated that both he, and his son Lachlan, determined a combination of the two companies was not “optimal” for shareholders at this time.
