Friday, December 2, 2022

News Corp.-Fox Merger Faces Opposition From Key Shareholder In Both Companies

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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.

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Disclaimer: This story is generated from RSS Feed and has not been created or edited by Waba News. Publisher: Deadline

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