{"id":725542,"date":"2023-01-24T16:49:57","date_gmt":"2023-01-24T21:49:57","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/announcement-by-news-corps-board-of-directors-on-potential-combination-with-fox-corporation\/"},"modified":"2023-01-24T16:49:57","modified_gmt":"2023-01-24T21:49:57","slug":"announcement-by-news-corps-board-of-directors-on-potential-combination-with-fox-corporation","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/announcement-by-news-corps-board-of-directors-on-potential-combination-with-fox-corporation\/","title":{"rendered":"Announcement by News Corp&#8217;s Board of Directors on Potential Combination with Fox Corporation"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Announcement by News Corp&#8217;s Board of Directors on Potential Combination with Fox Corporation<\/b><\/p>\n<p>NEW YORK&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nNews Corporation (\u201cNews Corp\u201d or the \u201cCompany\u201d) (Nasdaq: NWS, NWSA; ASX: NWS, NWSLV) announced today that the Company\u2019s Board of Directors received a letter from K. Rupert Murdoch withdrawing the proposal to explore a potential combination of News Corp and Fox Corporation (\u201cFOX\u201d) (Nasdaq: FOXA, FOX).\n<\/p>\n<p>\nIn withdrawing the proposal, Mr. Murdoch indicated that he and Lachlan K. Murdoch have determined that a combination is not optimal for shareholders of News Corp and FOX at this time.\n<\/p>\n<p>\nAs a result of this action, the Special Committee of the Board of Directors of News Corp has been dissolved. The Board would like to express its appreciation for the Special Committee&#8217;s efforts on this matter.\n<\/p>\n<p><b>Forward-Looking Statements<br \/>\n<br \/><\/b>This press release contains \u201cforward-looking statements\u201d within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as \u201cmay,\u201d \u201cwill,\u201d \u201cshould,\u201d \u201clikely,\u201d \u201canticipates,\u201d \u201cexpects,\u201d \u201cintends,\u201d \u201cplans,\u201d \u201cprojects,\u201d \u201cbelieves,\u201d \u201cestimates,\u201d \u201coutlook\u201d and similar expressions are used to identify these forward-looking statements. These statements are based on current expectations and beliefs and are subject to uncertainty and changes in circumstances. Actual results may vary materially from those expressed or implied by the statements in this press release due to the risks, uncertainties and other factors described in the Company\u2019s filings with the Securities and Exchange Commission. More detailed information about factors that could affect future results is contained in our filings with the Securities and Exchange Commission. The \u201cforward-looking statements\u201d included in this press release are made only as of the date of this release. We do not have and do not undertake any obligation to publicly update any \u201cforward-looking statements\u201d to reflect subsequent events or circumstances, and we expressly disclaim any such obligation, except as required by law or regulation.\n<\/p>\n<p><b>About News Corp<br \/>\n<br \/><\/b>News Corp (Nasdaq: NWS, NWSA; ASX: NWS, NWSLV) is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services. The company comprises businesses across a range of media, including: digital real estate services, subscription video services in Australia, news and information services and book publishing. Headquartered in New York, News Corp operates primarily in the United States, Australia, and the United Kingdom, and its content and other products and services are distributed and consumed worldwide. More information is available at: <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.newscorp.com&amp;esheet=53290398&amp;newsitemid=20230124006049&amp;lan=en-US&amp;anchor=http%3A%2F%2Fwww.newscorp.com&amp;index=1&amp;md5=1ae87a6cbec112c5cf91d307db55e498\">http:\/\/www.newscorp.com<\/a>.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230124006049r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20230124006049\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20230124006049\/en\/<\/a><\/span><\/p>\n<p>\nNews Corp Investor Relations<br \/>\n<br \/>Michael Florin<br \/>\n<br \/>212-416-3363<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:mflorin@newscorp.com\">mflorin@newscorp.com<br \/>\n<\/a><\/p>\n<p>News Corp Corporate Communications<br \/>\n<br \/>Jim Kennedy<br \/>\n<br \/>212-416-4064<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:jkennedy@newscorp.com\">jkennedy@newscorp.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> New York United States North America<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Entertainment Communications Other Entertainment TV and Radio Online Media Publishing<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20230124006049\/en\/375787\/3\/News_Corp_Logo.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Announcement by News Corp&#8217;s Board of Directors on Potential Combination with Fox Corporation NEW YORK&#8211;(BUSINESS WIRE)&#8211; News Corporation (\u201cNews Corp\u201d or the \u201cCompany\u201d) (Nasdaq: NWS, NWSA; ASX: NWS, NWSLV) announced today that the Company\u2019s Board of Directors received a letter from K. Rupert Murdoch withdrawing the proposal to explore a potential combination of News Corp and Fox Corporation (\u201cFOX\u201d) (Nasdaq: FOXA, FOX). In withdrawing the proposal, Mr. Murdoch indicated that he and Lachlan K. Murdoch have determined that a combination is not optimal for shareholders of News Corp and FOX at this time. As a result of this action, the Special Committee of the Board of Directors of News Corp has been dissolved. The Board would like to express its &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/announcement-by-news-corps-board-of-directors-on-potential-combination-with-fox-corporation\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Announcement by News Corp&#8217;s Board of Directors on Potential Combination with Fox Corporation&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-725542","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Announcement by News Corp&#039;s Board of Directors on Potential Combination with Fox Corporation - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/announcement-by-news-corps-board-of-directors-on-potential-combination-with-fox-corporation\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Announcement by News Corp&#039;s Board of Directors on Potential Combination with Fox Corporation - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Announcement by News Corp&#8217;s Board of Directors on Potential Combination with Fox Corporation NEW YORK&#8211;(BUSINESS WIRE)&#8211; News Corporation (\u201cNews Corp\u201d or the \u201cCompany\u201d) (Nasdaq: NWS, NWSA; ASX: NWS, NWSLV) announced today that the Company\u2019s Board of Directors received a letter from K. Rupert Murdoch withdrawing the proposal to explore a potential combination of News Corp and Fox Corporation (\u201cFOX\u201d) (Nasdaq: FOXA, FOX). In withdrawing the proposal, Mr. Murdoch indicated that he and Lachlan K. Murdoch have determined that a combination is not optimal for shareholders of News Corp and FOX at this time. As a result of this action, the Special Committee of the Board of Directors of News Corp has been dissolved. 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