Overview

• The agreement values the settlement at about $3.3 billion, according to reporting attributed to the New York Times.
• Prudence, Elisabeth and James Murdoch will each receive roughly $1.1 billion for their shares, about 80% of their market value.
• The current family trust will dissolve upon Rupert Murdoch’s death, with a new vehicle to hold controlling stakes in Fox Corporation and News Corp.
• The new trust will be overseen by Lachlan Murdoch with his younger sisters Grace and Chloe and is set to run until 2050.
• The structure relies on loans, holding companies and share sales and follows Nevada probate proceedings that exposed a failed bid to curb older siblings’ voting rights.