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Fox Corporation Forms Special Committee to Begin Exploring a Potential Combination with News Corporation

October 14, 2022 6:00 PM EDT

NEW YORK and LOS ANGELES, Oct. 14, 2022 /PRNewswire/ -- Fox Corporation ("FOX" or the "Company") (Nasdaq: FOX, FOXA) announced today that the Company's Board of Directors, following the receipt of letters from K. Rupert Murdoch and the Murdoch Family Trust, has formed a Special Committee composed of independent members of the Board (the "Special Committee") to begin exploring a potential combination with News Corporation ("News Corp") (Nasdaq: NWS, NWSA; ASX: NWS, NWSLV).

The Special Committee, consistent with its fiduciary duties and in consultation with its... More

News Corp Forms Special Committee to Begin Exploring a Potential Combination with Fox Corporation

October 14, 2022 5:25 PM EDT

NEW YORK--(BUSINESS WIRE)-- News Corporation (News Corp or the Company) (Nasdaq: NWS, NWSA; ASX: NWS, NWSLV) announced today that the Companys Board of Directors, following the receipt of letters from K. Rupert Murdoch and the Murdoch Family Trust, has formed a Special Committee composed of independent and disinterested members of the Board (the Special Committee) to begin exploring a potential combination with Fox Corporation (Fox) (Nasdaq: FOXA, FOX).

The Special Committee, consistent with its fiduciary duties and in consultation with its independent financial and legal advisors, will thoroughly evaluate a potential combination with Fox. The Special Committee has not made any... More