Rupert Murdoch has pulled the plug on a proposal to bring back together his News Corp. and Fox Corp., saying the merger isn't coming at the right time for shareholders.
In similar statements Tuesday, the companies said their boards received letters from Murdoch withdrawing the plan.
The elder Murdoch first floated merging News Corp. -- which owns The Wall Street Journal, New York Post, The Sun and The Times in the U.K., and book publisher HarperCollins -- and Fox Corp. that controls Fox News, Fox Sports and local TV stations, in October, according to regulatory filings.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Murdoch pulls plug on possible merger of News Corp., FoxThe Murdoch family controls both corporations but spun off Fox properties into a separate company after selling a large part to Disney
Read more »
Murdoch pulls plug on possible merger of News Corp., FoxRupert Murdoch has pulled the plug on a proposal to bring back together his News Corp. and Fox Corp.
Read more »
Aligning with younger employees’ values is key for Canada’s Top Employers for Young People 2023The Globe and Mail offers the most authoritative news in Canada, featuring national and international news
Read more »
Michael J. Fox Wants Everyone To See 'Joy Is Possible' In New Documentary 'Still'At the Sundance Film Festival premiere of 'Still', Michael J. Fox discusses the new documentary that recounts his life story, including the years that followed his Parkinson's disease diagnosis. Plus, director Davis Guggenheim insists Fox's illness is not the centre of the film.
Read more »
Dennis Quaid Joins David Oyelowo In ‘Yellowstone’ Spin-Off ‘1883: The Bass Reeves Story’The next 'Yellowstone' spin-off is bringing in some big star power. Last week, in an interview with Fox News Digital, Dennis Quaid revealed that he is filming a part in the upcoming '1883: The Bass Reeves Story'. [readmore label='READ MORE: ' link='https://etcanada.com/news/955236/yellowstone-season-5-return-date-revealed-watch-the-teaser/' text='‘Yellowstone’ Season 5 Return Date Revealed: Watch The Teaser'] 'Riding horses, shooting guns.…
Read more »
Vivica A. Fox Has ‘Been Waiting’ For ‘Kill Bill Vol. 3’, Would ‘Love’ To Work With Quentin Tarantino And Uma Thurman AgainVivica A. Fox says 'people are hungry' for 'Vol. 3' of 'Kill Bill'. “Quentin [Tarantino], let’s go!” the actress said at Sundance while stopping by the Variety Studio presented by Audible. In 2003, Fox starred as Vernita Green in the director's action-crime “Kill Bill Vol. 1”, plus its 2004 sequel “Vol. 2' alongside Uma Thurman…
Read more »