Fox-News merger maths lines up for the man in a rush
Rupert Murdoch’s thirst for dealmaking appears to be strong as ever. It is a fortunate turn of timing that empirical and theoretical valuations intersect for a man probably in a rush to get things done.
At 91, Rupert Murdoch’s thirst for blockbuster dealmaking appears to be strong as ever. The media mogul is seeking to reunite the two pieces of his empire, Fox and News Corp. He separated them a decade ago and subsequently vowed he would never reunify them.
But the world has changed. Fox sold much of its film and entertainment business to Disney in 2019, choosing to eschew the internecine streaming wars. Fox then focused on live content in TV sports and news, which it saw as attractive segments of the media business.
