Lates News

The long-standing unresolved family trust dispute of the Murdoch family has been settled, allowing Lachlan Murdoch to ultimately take control of the family business empire. The family announced this settlement on Monday afternoon, stating that Lachlan's siblings Prudence MacLeod, Elisabeth Murdoch, and James Murdoch will each become beneficiaries of the new trust. The funds for these new trusts partially come from the sale of assets previously held by the Murdoch family trust, specifically 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.