NWS News: Announcement by News Corp's Board of Directors on Potential Combination with Fox Corporation - 25th Jan 2023, 8:30am

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NEW YORK, January 24, 2023--(BUSINESS WIRE)--News Corporation ("News Corp" or the "Company") (Nasdaq: NWS, NWSA; ASX: NWS, NWSLV) announced today that the Company’s Board of Directors received a letter from K. Rupert Murdoch withdrawing the proposal to explore a potential combination of News Corp and Fox Corporation ("FOX") (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 shareholder...

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