Subscribe Today

Get our free articles delivered directly to your email!

Continue reading

According to WSJ, Rupert Murdoch has proposed a recombination of Fox Corp. (FOX) and News Corp (NWS)

  • October 16, 2022


Stock News Corporation Symbol NWS
Date Announced 10/14/2022 Source Wall Street Journal
Type News Report

Rupert Murdoch, executive chairman of News Corp and chairman of Fox Corp. has proposed a recombination of Fox Corp. (FOX) (FOXA) and News Corp (NWS), the two wings of his media empire, nearly a decade after they split, according to people familiar with the situation.


November 20, 2022: Activist investor, Irenic Capital Management escalated its pressure on News Corp, (NWS)asking it to reconsider a proposal by Rupert Murdoch to combine the two parts of his media business, News Corp and Fox (FOX) (FOXA).

January 24, 2023: Rupert Murdoch withdrew a proposal to reunite News Corp (NWS) and Fox Corp (FOX) (FOXA) 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.


Disclaimer: Our intent with this section of the website is to present potential deals that appear to be in the pipeline. These potential deals are ones where i) the company has indicated that it is "seeking strategic alternatives", ii) there has been an unsolicited bid for a company as mentioned in a press release by the company or iii) news about the deal has been published by a leading news organization like The Wall Street Journal, The New York Times, Bloomberg, Financial Times, The Washington Post, Reuters and The Associated Press. As best as possible we will try to avoid baseless rumors. There is a high probability that many of these potential deals may not materialize and if they do, the terms of the deal may be different from what was initially reported. Please do your own due diligence before buying or selling any securities mentioned on this website. We do not warrant the completeness or accuracy of the content or data provided.