A London-based investment firm, Independent Franchise Partners, is the latest shareholder to oppose the proposed reunion of news companies, News Corp. (NASDAQ:NWSA) (NASDAQ:NWS) and Fox Corp. (NASDAQ:FOXA) (NASDAQ:FOX). Independent Franchise Partners is one of the largest shareholders in both entities after the Murdoch family, which has 40% of the voting rights of both companies. The firm owns roughly 7% of NWSA Class A shares and 6.6% of NWS Class B shares. Similarly, the firm also owns nearly 6% of FOXA Class A shares. The growing investor dismissal reduces the chances of Rupert Murdoch's proposed re-combination of News Corp. and Fox Corp.
https://www.tipranks.com/news/shareholder-opposition-signals-doom-for-news-corp-fox-merger?utm_source=advfn.com&utm_medium=referral
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