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No News Corp-Fox Corp Combo
Rupert Murdoch has withdrawn a proposal to explore possibly combining News Corp and Fox Corp. Fox said that Murdoch indicated that he and Lachlan Murdoch determined that a merger is not optimal for shareholders at this time.
Murdoch Not Assured on News Corp. Combo
Fox Corp. Chair Rupert Murdoch and the Murdoch Family Trust will not vote in favor of a combination with News. Corp unless it is recommended by a special board committee and approved by a majority vote of the shares held by non-affiliated stockholders.
New Fox Makes Stock Market Debut
New Fox is officially on the stock market, beginning to trade shares Tuesday. It was something of a rocky start.