Rupert Murdoch's retirement raises the curtain on his last act
Rupert Murdoch's decision to step back from day-to-day oversight of his media empire paves the way for his son, Lachlan, to take control. However, it remains uncertain who will control the trust that votes the family's shares after Rupert Murdoch's death. Speculation suggests that a full merger between Fox Corp. and News Corp. could be attempted again, but this would likely be preceded by a sale of parts of News Corp., including its real estate business.
Source: indiatimes.com
