Rupert Murdoch withdraws proposal to combine Fox Corp and News Corp

Fox Corp

K. Rupert Murdoch withdrew the proposal to explore a combination of FOX and News Corp.
Murdoch and Lachlan Murdoch determined the combination is not optimal for shareholders at this time.
The Special Committee of Fox Corp's Board of Directors has been dissolved.
Press release issued on January 24, 2023, confirming the withdrawal.

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