Rupert Murdoch, at age 91, appears to finally be putting the pieces in place for his succession. The billionaire has asked the boards of News Corp and Fox to consider combining forces after nearly a decade apart, stitching back together the remains of his empire.
But investors are sceptical of the strategic rationale behind reuniting the companies, with some shareholders deriding the move as “family drama” and longtime Murdoch-watchers scratching their heads over the wider agenda.