The two parts of Rupert Murdoch’s media business, News Corp and Fox Corporation, are considering a proposal to reunite nearly 10 years after they split up, the companies announced on Friday.
The boards of Fox and News Corp have established committees to evaluate a possible deal, the companies said in statements. The committees have not made a decision about whether to combine…
Mr. Murdoch sees potential moneymaking and cost-saving opportunities in joining the two companies. The new company could look for ways to integrate its media properties. It could also explore ways to use the company’s assets for emerging business lines, such as sports betting.
