Overview

• Lachlan Murdoch will control Fox Corporation and News Corp through a newly created family trust that ends the long-running succession fight.
• Fox said James, Prudence and Elisabeth have six months to sell their personal Fox stakes and agreed to long‑term limits on acquiring Fox and News Corp shares or influencing the companies.
• Reporting cites roughly $1.1 billion in payouts for each of the three siblings, though the family and companies did not confirm the amounts.
• The structure includes half‑sisters Grace and Chloe Murdoch, and statements indicate family trusts will also be set up for Wendi Deng’s daughters.
• The deal follows Nevada probate proceedings that thwarted an earlier transfer of control, with the probate official calling that attempt a carefully crafted farce, and it aims to preserve the group’s conservative editorial direction.