Overview

• The settlement terminates all litigation in Nevada and dissolves the family’s previous trust framework.
• A new holding vehicle, LGC Holdco, will own the remaining stakes, with sole voting power resting with Lachlan Murdoch through his appointed managing director.
• Prudence MacLeod, Elisabeth Murdoch and James Murdoch exit as beneficiaries, with cash funded by sales of about 16.9 million Fox Class B and 14.2 million News Corp Class B shares.
• SEC filings show the Murdoch family’s voting stake will be diluted to roughly 36.2% of Fox Class B and 33.1% of News Corp Class B, with less than 0.1% of each company’s Class A.
• Departing siblings must divest any de minimis holdings under a long-term standstill, with multiple outlets reporting aggregate payouts near $3.3 billion (about $1.1 billion each), as Rupert Murdoch remains chairman emeritus.