A teenage girl has been found pregnant in a wardrobe after going missing more than a year ago. The 14-year-old has been reunited with her dad after police were tipped off by a member of the public.
25.01.2023 - 01:31 / deadline.com
News Corp. and Fox Corp., both controlled by Rupert Murdoch, have abandoned a potential merger after a special committee determined that “a combination is not optimal for shareholders.”
Murdoch officially notified the boards of both companies that the merger proposal was being withdrawn. The news was relayed in a press release.
Multiple shareholders in the companies had expressed their opposition to the merger in recent months. London-based investment firm Independent Franchise Partners, which owns one of the largest stakes of any investor not named Murdoch, at about 7% in both companies, took a stand against the merger last November. IFP said a combination would not realize the full value of both companies. That public position followed one by activist investor Irenic Capital, which owns about 2% of News Corp.
The companies last year announced they were looking into reuniting more than a decade after the split of 21st Century Fox, which held film, TV and digital assets and News Corp., which became home to publishing and digital properties such as The Wall Street Journal. The $71.3 billion sale of most of 21st Century Fox to Disney netted the Murdoch family an immense haul but also left it with a much smaller company controlling Fox News, the Fox broadcast network and other TV assets.
With scale taking on ever-greater importance in the media sector lately, the prevailing belief was that the Murdochs explored the idea of bringing the separate entities back together in order to keep pace with larger rivals. The company is also looking ahead at potential financial liability or settlement costs in the $1.6 billion Dominion Voting Systems lawsuit against Fox News. A number of top news personalities and executives including
A teenage girl has been found pregnant in a wardrobe after going missing more than a year ago. The 14-year-old has been reunited with her dad after police were tipped off by a member of the public.
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