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Fox-News Corp. Merger Dead as Rupert Murdoch Pulls Proposed Deal – The Hollywood Reporter

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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 not optimal for shareholders of News Corp and Fox at this time,” according to a statement from News Corp.’s board. “As a result of this action, the Special Committee of the Board of Directors of News Corp has been dissolved.”

More to come.



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