Murdochs solves dispute for succession with blockbuster contract


Heat

Lachlan Murdoch, the oldest son of the News billionaire Corp. And Fox Corp. Owner Rupert Murdoch, will receive control of the media’s work, according to a statementending a long-term succession of the Saga with a multi-millilic dollar dollar.

Key facts

Rupert and Lachlan agreed on the settlement with Lachlan’s brothers and secretions, prudence, Elisabet and James, giving Lachlan control of family trust, which involves controlling interest in Fox Corp. And the news Corp., what is this publisher of Wall Street Street Street.

Prudence, Elisabeth and James will no longer be trusted beneficiaries, according to the fox statement, and will get about $ 1.4 billion per price BloombergWhat is based on the picture Monday Pricing Fox and news Corp.

The settlement is valued at 3.3 billion dollars, The New York Times Reported, stating an unnamed person who is familiar with negotiations.

Current trust will sell 16.9 million shares for foxes of class B and 14.2 million grade B News Corp. Actions to finance settlements and will be dissolved.

The new trust for Lachlan also points out 2050. years, in accordance with the statement, in accordance with the statement, in accordance with the statement.

Forbes evaluation

We estimate Rupert and net net family worth $ 24.4 billion Monday, more than $ 19.5 billion in 2024. Years.

This is the story of development. Look for updates.



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