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By Yasin Ebrahim
Investing.com -- Fox Corporation said Tuesday that Rupert Murdoch has withdrawn the proposal to merge Fox and News Corporation, as a tie-up isn't expected to be "optimal" for shareholders.
Fox Corp Class A (NASDAQ:FOXA) was up almost 2%, while News Corp A (NASDAQ:NWSA) was down more than 1% in afterhours trading.
Fox Corporation received a letter from K. Rupert Murdoch withdrawing the proposal to explore a potential combination of FOX and News Corporation, the company said. T...
>>> Read more: Murdoch pulls Fox, News Corp merger proposal
Investing.com -- Fox Corporation said Tuesday that Rupert Murdoch has withdrawn the proposal to merge Fox and News Corporation, as a tie-up isn't expected to be "optimal" for shareholders.
Fox Corp Class A (NASDAQ:FOXA) was up almost 2%, while News Corp A (NASDAQ:NWSA) was down more than 1% in afterhours trading.
Fox Corporation received a letter from K. Rupert Murdoch withdrawing the proposal to explore a potential combination of FOX and News Corporation, the company said. T...
>>> Read more: Murdoch pulls Fox, News Corp merger proposal
