Under the terms of the deal, Lachlan’s three oldest siblings will receive $1.1 billion each for all their shares in the #empire, according to the person with knowledge of the negotiations. Those shares are currently held in the existing family trust, which will be dissolved. This amounts to roughly 80 percent of the value of their stock at the close of trading Friday.

#law #MediaLiteracy #propaganda #disinformation #MassHysteria #FourthEstate #RupertMurdoch #LachlanMurdoch #Murdoch

The agreement gives the 94-year-old #RupertMurdoch, who built a single Australian newspaper into the world’s most powerful #media #empire, what he has long sought — to preserve what he has called the “protector of the conservative voice in the English-speaking world” under the leadership of his chosen heir, #LachlanMurdoch.

#law #MediaLiteracy #propaganda #disinformation #MassHysteria #FourthEstate #Murdoch

The deal comes months after #RupertMurdoch & #LachlanMurdoch’s audacious bid to unilaterally change the terms of the #Murdoch family’s irrevocable trust & disenfranchise Lachlan’s oldest siblings, Prue, Liz & James. The bid initially failed in court, but ultimately brought the two sides to the negotiating table.

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