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James Murdoch sells Fox and News Corp shares, ending family feud after court ruling on 1999 trust.
A permanent rift in the Murdoch family has solidified as James Murdoch agreed to sell his shares in Fox Corp and News Corp, ending his role in the media empire after a legal battle over a 1999 trust.
The settlement, reached after a court initially ruled against Rupert Murdoch’s attempt to shift control to Lachlan, bars James and his sisters Elisabeth and Prudence from future ownership.
Lachlan, now chairman of both companies, leads amid rising company value but faces ongoing scrutiny over his independence from his father’s influence.
While the deal brings corporate clarity, the family’s divisions remain deep, with reconciliation seen as unlikely before Rupert, now 94, passes.
James Murdoch vende acciones de Fox y News Corp, poniendo fin a la disputa familiar después del fallo judicial de 1999 sobre la confianza.