other_material
confidence high
sentiment neutral
materiality 0.60
News Corp terminates prior stockholders agreement, enters new one; secondary offering of 14.1M shares at $31.98
NEWS CORP
- Prior stockholders agreement with Murdoch Family Trust terminated Sept 8, 2025; new agreement with LGC entities for Lachlan, Grace, Chloe Murdoch.
- New agreement maintains 44% voting cap, right of first refusal, and registration rights for LGC trusts.
- Selling stockholders (Prudence MacLeod, Elisabeth Murdoch, James Murdoch trusts) sold 14,071,293 Class B shares at $31.98 in secondary offering; company received no proceeds.
- Offering closed Sept 10, 2025 under shelf registration statement; underwriter was Morgan Stanley.
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