News Corp. saidit “has formed a Special Committee composed of independent and disinterested members of the Board” in order “to begin exploring a potential combination with Fox Corporation”
The 91-year old media mogul is contemplating a merger of Fox Corp. and., a deal that — if it happens — would bring the entertainment and media brands together a decade after they were split apart. Fox and News Corp. said Friday they have each formed a special committee to explore a combination.
And both Fox and News Corp. cautioned that there’d been no decision yet made as to a merger. News Corp. stated its committee “has not made any determination with respect to any such potential combination at this time, and there can be no certainty that the Company will engage in such a transaction.”
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