has scrapped his plan to combine Fox Corp and News Corp, a deal that would have reunited two halves of the media empire he split nearly a decade ago.Murdoch sent a letter to the two companies withdrawing his proposal to re-unite them, according to a regulatory filing on Tuesday. He indicated that he and his son, Fox Corp CEO Lachlan Murdoch, had determined that the combination is 'not optimal for the shareholders'.
Load More
Load More