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Lachlan Murdoch, the Executive Chairman and CEO of Fox Corporation and Co-Chairman of News Corporation, announced Tuesday that a merger between the two companies will not occur at this time.
"Today, my father and I made the determination that a combination is not optimal for the shareholders of FOX and News Corp at this time," Lachlan Murdoch said in a statement. His father, Rupert Murdoch, is the Executive Chairman of News Corp. and launched Fox News.
"The decision to no longer explore a comb...
>>> Read more: Fox Corporation and News Corp will not merge
"Today, my father and I made the determination that a combination is not optimal for the shareholders of FOX and News Corp at this time," Lachlan Murdoch said in a statement. His father, Rupert Murdoch, is the Executive Chairman of News Corp. and launched Fox News.
"The decision to no longer explore a comb...
>>> Read more: Fox Corporation and News Corp will not merge
