Murdoch divorce settlement reached
Eighty-two-year-old businessman Keith Rupert Murdoch and his third wife of 14 years, 44-year-old Wendi Deng Murdoch, amicably finalized their divorce in late November after making an appearance at the New York state court in Manhattan on Wednesday, November 20 to finalize the terms of the divorce.
The settlement won’t affect Murdoch’s ownership of mass media giant 21st Century Fox and publishing company News Corp.
It also won’t alter terms of the family trust, which will go to Murdoch’s children from different marriages, Prudence, Elisabeth, Lachlan, and James, all of whom are expected to have an equal interest in the 38% voting stock he has in the two companies.
Meanwhile, Murdoch’s school-age children with Wendi Deng, Grace and Chloe, will have 8.7 million non-voting shares of the two companies by the time they reach a legal age.
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