News Corporation Shareholders Approve Merger

Shareholders voted in favor of the merger with Fox Corporation

The merger is expected to close in early 2024

News Corporation shareholders voted to approve the merger with Fox Corporation on Tuesday, December 13, 2023. The merger is expected to close in early 2024, creating a new media and entertainment giant.

The combined company will be called Fox Corporation and will be led by Lachlan Murdoch, the current CEO of Fox Corporation. The new company will have a market capitalization of approximately $52 billion and will be one of the world's largest media and entertainment companies.

The merger has been approved by both companies' boards of directors and is still subject to regulatory approval. The combined company will have a portfolio of assets that includes Fox News, Fox Sports, Fox Television Stations, and The Wall Street Journal.

The merger is expected to create cost savings and allow the combined company to compete more effectively with other media and entertainment companies. The new company will also have a stronger presence in the global market.

News Corporation is a global media and entertainment company that owns a variety of assets, including newspapers, magazines, television stations, and film studios. Fox Corporation is a media and entertainment company that owns a variety of assets, including television networks, cable channels, and film studios.