Skadden and Cravath have advised on the settlement of the Murdoch Family Trust dispute and the related share offering, with the resolution of the long-running succession dispute announced by News Corp yesterday (8 September).
The settlement secures Lachlan Murdoch’s position as heir to Rupert Murdoch’s $60bn media empire. He will inherit control of Fox News, the Wall Street Journal, the New York Post, The Sun, and other outlets. The trusts also provide for Grace and Chloe, Rupert’s daughters with Wendi Deng.
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