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By Dawn Chmielewski and Byron Kaye
(Reuters) - Rupert Murdochâs proposal to recombine News Corp and Fox Corp and capitalize on sports betting has yet to convince Wall Street as the valuations in the once red-hot gambling market crumble, according to former employees, financial analysts and sports media experts.
While some former employees see the move as driven by the 91-year-old Murdoch's succession planning to consolidate power behind his son Lachlan Murdoch, CEO of Fox Corp, people fam...
>>> Read more: Murdoch's News Corp-Fox reunion gambit comes as sports betting valuations tank
(Reuters) - Rupert Murdochâs proposal to recombine News Corp and Fox Corp and capitalize on sports betting has yet to convince Wall Street as the valuations in the once red-hot gambling market crumble, according to former employees, financial analysts and sports media experts.
While some former employees see the move as driven by the 91-year-old Murdoch's succession planning to consolidate power behind his son Lachlan Murdoch, CEO of Fox Corp, people fam...
>>> Read more: Murdoch's News Corp-Fox reunion gambit comes as sports betting valuations tank
