News Corp Forms Special Committee to Begin Exploring a Potential Combination with Fox Corporation
14 Oktober 2022 - 11:25PM
Business Wire
News Corporation (“News Corp” or the “Company”) (Nasdaq: NWS,
NWSA; ASX: NWS, NWSLV) announced today that the Company’s Board of
Directors, following the receipt of letters from K. Rupert Murdoch
and the Murdoch Family Trust, has formed a Special Committee
composed of independent and disinterested members of the Board (the
“Special Committee”) to begin exploring a potential combination
with Fox Corporation (“Fox”) (Nasdaq: FOXA, FOX).
The Special Committee, consistent with its fiduciary duties and
in consultation with its independent financial and legal advisors,
will thoroughly evaluate a potential combination with Fox. The
Special 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.
Neither the Company nor the Special Committee intends to comment
on or disclose further developments regarding the Special
Committee's work unless and until it deems further disclosure is
appropriate or required.
Forward-Looking Statements
This press release contains “forward-looking statements” within
the meaning of the Private Securities Litigation Reform Act of
1995. Words such as “may,” “will,” “should,” “likely,”
“anticipates,” “expects,” “intends,” “plans,” “projects,”
“believes,” “estimates,” “outlook” and similar expressions are used
to identify these forward-looking statements. These statements are
based on current expectations and beliefs and are subject to
uncertainty and changes in circumstances. Actual results may vary
materially from those expressed or implied by the statements in
this press release due to the risks, uncertainties and other
factors described in the Company’s filings with the Securities and
Exchange Commission. More detailed information about factors that
could affect future results is contained in our filings with the
Securities and Exchange Commission. The “forward-looking
statements” included in this press release are made only as of the
date of this release. We do not have and do not undertake any
obligation to publicly update any “forward-looking statements” to
reflect subsequent events or circumstances, and we expressly
disclaim any such obligation, except as required by law or
regulation.
About News Corp
News Corp (Nasdaq: NWS, NWSA; ASX: NWS, NWSLV) is a global,
diversified media and information services company focused on
creating and distributing authoritative and engaging content and
other products and services. The company comprises businesses
across a range of media, including: digital real estate services,
subscription video services in Australia, news and information
services and book publishing. Headquartered in New York, News Corp
operates primarily in the United States, Australia, and the United
Kingdom, and its content and other products and services are
distributed and consumed worldwide. More information is available
at: http://www.newscorp.com.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20221014005522/en/
News Corp Investor Relations Michael Florin 212-416-3363
mflorin@newscorp.com
News Corp Corporate Communications Jim Kennedy 212-416-4064
jkennedy@newscorp.com
News (NASDAQ:NWSA)
Historical Stock Chart
Von Mär 2024 bis Apr 2024
News (NASDAQ:NWSA)
Historical Stock Chart
Von Apr 2023 bis Apr 2024