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News Corp-Fox merger plan faces opposition from major shareholder - WSJ

Media mogul Rupert Murdoch s plan to recombine News Corp with Fox Corp is facing opposition from Independent Franchise Partners, a major shareholder in both firms, the Wall Street Journal reported. | November 23, 2022

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News Corp-Fox merger plan faces opposition from major shareholder

News Corp-Fox merger plan faces opposition from major shareholder
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News Corp-Fox merger plan faces opposition from major shareholder – WSJ

(Reuters) -Independent Franchise Partners, a major investor in News Corp and Fox Corp, opposes media mogul Rupert Murdoch's plan to recombine the comp.

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News Corp-Fox merger plan opposed by big shareholder

News Corp-Fox merger plan opposed by big shareholder
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News Corp-Fox merger plan faces opposition from major shareholder

The London-based investment firm told a special committee of News Corp's board last month that it thinks a combination on its own would fail to realize the full value of the company, according to the Wall Street Journal, which first reported the news earlier in the day. Independent, which owns about 7% of News Corp's Class A shares and 6.4% in Fox Corp, is the second investor to express dissent over the plan.

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