News Corp has entered into a definitive agreement for the sale of Australian pay-TV operator Foxtel to sports streaming platform DAZN for an enterprise value of A$3.4 billion (€2.04bn). Under the terms of the agreement, shareholder loans in the amount of A$578 million outstanding and owing to News Corp will be repaid in full in […]

News Corporation has announced that the Company’s Board of Directors received a letter from Rupert Murdoch withdrawing the proposal to explore a potential combination of News Corp and Fox Corporation. Fox was spun off after the 2017 Disney acquisition of Murdoch’s 21st Century Fox. In withdrawing the proposal, Murdoch indicated that he and Lachlan K. […]

Fox Corporation, which was spun off after the 2017 Disney acquisition of Rupert Murdoch’s 21st Century Fox, has announced that the Company’s Board of Directors, following the receipt of letters from Murdoch and the Murdoch Family Trust, has formed a Special Committee composed of independent members of the Board to begin exploring a potential combination […]