Rupert Murdoch weighs recombining Fox Corp and News Corp

Rupert Murdoch and his son Lachlan Murdoch are considering recombining Fox Corp and News Corp, according to unsealed court documents and testimony in a family succession dispute. Rupert Murdoch explored the combination in 2022, less than 10 years after splitting the businesses, but investors opposed the plan. A June hearing indicated the deal could be revisited, with Lachlan Murdoch’s attorney saying it was "something that still could happen in the future." The combination would bring together television, newspapers and streaming assets, including Fox News, Fox’s broadcast network, the Wall Street Journal, the Sun and the New York Post. Fox has also agreed to acquire Roku for $22 billion, a deal intended to reach more than 100 million households as traditional television declines. The succession dispute ended with Lachlan becoming heir to the business and Prudence MacLeod, Elisabeth and James receiving $1.1 billion each.

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