Fox Corp Special Committee provides update on potential combination with News Corp; retains advisors

Fox Corp

Special Committee of independent directors formed to evaluate potential combination with News Corporation.
Murdoch and Murdoch Family Trust will not vote in favor unless recommended by Special Committee and approved by majority of non-affiliated shareholders.
Special Committee has retained J.P. Morgan as financial advisor and Wachtell, Lipton, Rosen & Katz as legal advisor.
No determination has been made, and no certainty that a transaction will occur.

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