News Corp’s most senior Australia executives woke up on Saturday morning to discover that Rupert Murdoch is seeking to recombine the Fox and News Corp businesses he split almost a decade ago.
and the executive chairman and chief executive officer of Fox. His father, Rupert, 91, is the executive chairman of News Corp and chairman of Fox.The Murdoch family has about a 39 per cent voting stake in News Corp and approximately 42 per cent of Fox, according to US corporate filings.The companies were originally separated in 2013, allowing investors to value what was then the faster-growing Fox television business separately.
In 2019, most of Twentieth Century Fox was sold to Disney for $US71.3 billion . The bumper sale price has led to pressure from analysts to examineFox has a market capitalisation of about $US16.7 billion , while News Corp is about $US9.14 billion. Fox’s main assets are US-based and include Fox News, Fox Sport, 29 television stations and the ad-supported streaming service Tubi.
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