Racklan emerged victorious in the Murdoch family inheritance battle, with his siblings receiving a hefty sum in the acquisition, and the legal dispute finally coming to a close.

The long-standing family trust dispute of the Murdoch family has been settled, with the resolution allowing Lachlan Murdoch to finally take control of the family business empire. The family announced this settlement on Monday afternoon, and added that Lachlan's siblings, Prudence MacLeod, Elisabeth Murdoch, and James Murdoch, will each become beneficiaries of the new trusts. The funds for these new trusts come in part from the sale of assets previously held by the Murdoch family trust, including 14.2 million shares of News Corporation Class B common stock, and approximately 16.9 million shares of Fox Corporation Class B common stock.