News Corp and Fox Corporation are “considering a proposal to reunite nearly 10 years after they split up.” The boards of Fox and News Corp have “established committees to evaluate a possible deal," but the committees have "not made a decision about whether to combine." Merging Fox and News Corp would “represent an about-face for both companies,” which "told investors when they split that the two firms were better off apart.” Sources said that Rupert Murdoch, the Chair of both companies, “proposed the deal within the past two weeks.” The Murdoch family trust, which has ownership stakes in both companies, “also endorsed the merger.” Murdoch “sees potential moneymaking and cost-saving opportunities in joining the two companies” (N.Y. TIMES, 10/14).
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