It was about reuniting the media empire that the billionaire had separated almost ten years ago.
No merger between the two American media giants Fox and NewsCorp. In a press release, Fox Corp indicated that Rupert Murdoch had abandoned this proposal that would have reunited the media empire that he himself broke up almost ten years ago.
media giants
The companies said their special committees that had been set up to investigate this potential merger had been disbanded.
In recent months, this project had met with opposition from the shareholders of the two entities.
As a reminder, NewsCorp owns media giants like the Wall Street Journalthe New York Post or even Dow Jones. Fox, with what was left of the $71.3 billion sale of Twenty-First Century Fox to Disney in 2019, owns the conservative networks Fox News and Fox Business.
Source: BFM TV
