Murdoch’s $24b bid to reunite his empire

Rupert Murdoch has taken the first steps to reunite the media empire he split into two stand-alone companies – News Corp and Fox Corp – only nine years ago.

If a deal goes through, the combination will allow Murdoch greater control over his media assets and help the companies trim costs.

The combined companies would have around $US24 billion ($A38 billion) in revenue.

Source: Murdoch’s $24b bid to reunite his empire

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