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FOX CORPORATION ANNOUNCES RESOLUTION OF MURDOCH FAMILY TRUST MATTER
FOX CORPORATION ANNOUNCES RESOLUTION OF MURDOCH FAMILY TRUST MATTER PR Newswire ...
About this update from Fox River Resources Corp.
[{"type":"text","content":"FOX CORPORATION ANNOUNCES RESOLUTION OF MURDOCH FAMILY TRUST MATTER\n\n\n\n FOX CORPORATION ANNOUNCES RESOLUTION OF MURDOCH FAMILY TRUST MATTER\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n\n\n\n\n\n PR Newswire\n \n\n\n\n\n\n NEW YORK\n \n and\n \n LOS ANGELES\n \n\n ,\n \n\n Sept. 8, 2025\n \n\n /PRNewswire/ -- Fox Corporation (\"FOX\" or the \"Company\") (Nasdaq: FOXA, FOX) today announced that the trustee and beneficiaries of the Murdoch Family Trust (\"MFT\") informed the Company that they have reached a mutual resolution of the legal proceedings in\n \n Nevada\n \n related to the MFT, resulting in the termination of all litigation.\n \n\n New trusts will be established for the benefit of\n \n Lachlan Murdoch\n \n ,\n \n Grace Murdoch\n \n and\n \n Chloe Murdoch\n \n (the \"Remaining Beneficiary Trusts\"), and\n \n Prudence MacLeod\n \n ,\n \n Elisabeth Murdoch\n \n and\n \n James Murdoch\n \n (the \"Departing Beneficiaries\") will cease to be beneficiaries in any trust holding shares in FOX or News Corporation. New trusts for the benefit of the Departing Beneficiaries will receive cash consideration funded in part using proceeds from the public sale of approximately 16.9 million shares of FOX Class B common stock and approximately 14.2 million shares of News Corporation Class B common stock previously held by the MFT.\n \n\n Following these transactions, LGC Holdco, LLC (\"LGC Holdco\"), a company which was established, and is owned, by the Remaining Beneficiary Trusts, will own all of the remaining shares of FOX and News Corporation previously held by the MFT, which is expected to consist of approximately 36.2% of FOX's Class B common stock and less than 0.1% of FOX's Class A common stock and approximately 33.1% of News Corporation's Class B common stock and less than 0.1% of News Corporation's Class A common stock. During the six-month period following these transactions, the Departing Beneficiaries will also sell their\n \n de minimis\n \n personal holdings in FOX and News Corporation such that after this six-month period none of the Departing Beneficiaries will h...