From Breakingviews - Even bad news is good news for Rupert Murdoch
. It would help streamline the company and crystallize its worth.
Both Fox and News Corp conceded on Tuesday that a merger wasn’t a good idea for shareholders “at this time.” It suggests that Murdoch, who tends to get his way, will eventually try again. Capital Calls - More concise insights on global finance:
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Rupert Murdoch Withdraws Proposal to Merge Fox Corp. and News CorpRupert Murdoch called off his effort to merge the two parts of his media empire, News Corp and Fox Corp., saying the transaction “is not optimal” for shareholders of the companies at this time.
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Rupert Murdoch calls off proposed Fox-News Corp mergerRupert Murdoch had been exploring a reunion of Fox and News Corp about 10 years after he split the companies.
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Rupert Murdoch scraps plan to merge Fox and News CorpRupert Murdoch called off his effort to merge the two parts of his media empire, News Corp and Fox Corp., saying the transaction “is not optimal” for...
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Rupert Murdoch Pulls the Plug on News Corp.-Fox Corp. MergerIn a Tuesday letter to his board of directors, Murdoch said his proposed remarriage was ultimately “not optimal” for shareholders.
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Rupert Murdoch abandons plan to recombine Fox and News Corp | CNN BusinessRupert Murdoch has abandoned plans to combine Fox Corporation and News Corporation, a move that would have reunited his broadcasting and print publishing companies under one roof.
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Rupert Murdoch scraps proposal to combine Fox, News Corp, eyes Move saleRupert Murdoch on Tuesday withdrew a proposal to reunite News Corp and Fox Corp as the company is also exploring a sale of Move Inc, which operates the Realtor.com website, to CoStar Group, according to a regulatory filing and sources familiar with the process.
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