NWS News: Announcement by Fox Corporation's Board of Directors On Potential Combination with News Corporation - 25th Jan 2023, 8:30am

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NEW YORK and LOS ANGELES, Jan. 24, 2023 /PRNewswire/ -- Fox Corporation ("FOX" or the "Company") (Nasdaq: FOX, FOXA) announced today that the Company's board of directors received a letter from K. Rupert Murdoch withdrawing the proposal to explore a potential combination of FOX and News Corporation ("News Corp") (Nasdaq: NWS, NWSA; ASX: NWS, NWSLV).

In withdrawing the proposal, Mr. Murdoch indicated that he and Lachlan K. Murdoch have determined that a combination is not optimal for the shareho...

>>> Read more: Announcement by Fox Corporation's Board of Directors On Potential Combination with News Corporation
 
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