reversed course on Tuesday, January 24, and withdrew a proposal to reunite News Corp and Fox as the company is also exploring a sale of its stake in Move, which operates the Realtor.com website, according to a regulatory filing and sources familiar with the process.
Murdoch proposed reuniting his media empire last fall, arguing that together the publishing and entertainment companies he split apart in 2013 would give the combined company greater scale in news, live sports, and information, sources said. Some of News Corp’s larger shareholders, including Independent Franchise Partners and T. Rowe Price, balked at the idea.
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