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Rupert Murdoch on Tuesday withdrew a proposal to reunite News Corp and Fox Corp as the company is also exploring a sale of Move Inc, which operates the Realtor.com website, to CoStar Group, according
The media tycoon has withdrawn his proposal, saying it is "not optimal" for shareholders at this time.
Large shareholders in News Corp on Wednesday applauded Rupert Murdoch's decision to withdraw a proposal to reunite the owner of Dow Jones and Fox Corp, as News Corp decided to pursue a sale of Move
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Rupert Murdoch wanted to revive the firm he devoted more than 50 years. The firms said the board looking into the deal had been disbanded.