Reported about 12 hours ago
In his first public comments since the settlement of the Murdoch Family Trust, Fox Corp CEO Lachlan Murdoch described the deal as "great news for investors," asserting that it offers clarity and continuity to the company's strategy. This agreement solidifies his control over the media empire and concludes a lengthy succession dispute, allowing Rupert Murdoch's other children to sell their shares for $1.1 billion each while ensuring the group's conservative stance.
Source: YAHOO