Fox in talks to merge with News Corp

[Y2kTheNewOldies]

https://deadline.com/2022/11/news-corp-fox-merger-opposition-from-key-shareholder-1235180785/

Note for now there is an opposition against the Fox/News Corp deal.

A London-based investor in Rupert Murdoch’s News Corp. and Fox Corp. has reportedly expressed its opposition to the companies’ potential reunification.


Independent Franchise Partners is one of the largest shareholders apart from the Murdoch family, with stakes in Fox and News Corp. of more than 7%. The companies confirmed several weeks ago they were formally considering a potential merger, bringing assets like Fox News, the Fox broadcast network, The Wall Street Journal and Dow Jones under a single umbrella.


IFP said it told a special merger committee set up by News Corp. that it believes a combination would not realize the full value of both entities, a rep from the investment firm told Deadline. Instead, it recommended that any merger should only be pursued in co-ordination with the sale of certain holdings of News Corp.

 

[landtuna]

Noos Corps and Faux Noos are already bottom dwellers. Will this lower the bar even further?

 

[Y2kTheNewOldies]

News Corp-Fox merger plan opposed by big shareholder

A major investor in News Corp and Fox Corp , Independent Franchise Partners, said on Wednesday it opposes Rupert Murdoch's plan to recombine the companies, raising a potential obstacle to the mogul's desire to reunite the media empire he separated nearly a decade ago.

www.reuters.com

Rupert Murdoch considers combining Fox, News Corp

Rupert Murdoch has started a process that could reunite his media empire, News Corp and Fox Corp disclosed on Friday, saying they would consider combining at his behest, nearly a decade after the companies split.

www.reuters.com

The Murdochs have been considering this merger for some time.

 

[Don CT]

So why did they split them to begin with. When he sold off 20th he could have kept everything else together.

 

[Y2kTheNewOldies]

https://deadline.com/2022/12/fox-news-corp-rupert-murdoch-1235191462/

Here is more talks on the Fox/newsCorp Merger proposals.

 

[Y2kTheNewOldies]

Rupert Murdoch’s News Corp. And Fox Abandon Potential Merger After Determining “A Combination Is Not Optimal For Shareholders”

News Corp. and Fox Corp., both controlled by Rupert Murdoch, have abandoned a potential merger of the media entities.

deadline.com

Update the Murdochs have cancelled the merger plans between News Corp and Fox Inc.

News Corp. and Fox Corp., both controlled by Rupert Murdoch, have abandoned a potential merger after determining that “a combination is not optimal for shareholders.”

Murdoch officially notified the boards of both companies that the merger proposal was being withdrawn. The news was relayed in a press release, which said that a special committee formed to explore the corporate move has been dissolved.

Multiple shareholders in the companies had expressed their opposition to the merger in recent months. London-based investment firm Independent Franchise Partners, which owns one of the largest stakes of any investor not named Murdoch, at about 7% in both companies, took a stand against the merger last November. IFP said a combination would not realize the full value of both companies. That public position followed one by activist investor Irenic Capital, which owns about 2% of News Corp.