The media sector’s prominent Murdoch family settled a long-running dispute Monday that will leave Lachlan Murdoch in control of voting shares that govern both News Corp. and Fox Corp. while selling off stakes in the company attached to founder Rupert Murdoch’s other children who had challenged their father’s ability to restructure his heirs’ oversight of both corporations.
Fox Corp. and News Corp. both said Monday that the family had terminated all litigation tied to the elder Murdoch’s efforts to assign control of the family’s shares to Lachlan,…
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