Rupert Murdoch yanks plan for $39b Fox-News mega merger - The Australian Financial Review

  • Mark Di Stefano--Australian Financial Review
  • published date: 2023-01-24 22:40:00 UTC

Rupert Murdoch has dumped plans for a $US28 billion ($39 billion) mega merger between News Corp and Fox, which analysts and insiders believed was part of the media mogul’s plans to consolidate power in the hands of his son, Lachlan Murdoch.

The most significant opposition came from News Corps biggest shareholders, including US investment giant T Rowe Price and Independent Franchise Partners, who came out publicly with reservations about… [+1305 chars]