Murdoch's defeat is a victory for British business sovereignty [Yahoo! Finance]
RIGHTMOVE PLC UNSP/ADR (RTMVY)
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Source: Yahoo! Finance
The future of one of the most powerful media dynasties on the planet is expected to be decided in the coming months in a courthouse in downtown Reno, Nevada, when a judge will decide whether Rupert can effectively hand control of his business interests to son Lachlan against the wishes of his other children James, Elisabeth and Prudence. The court battle has served as a reminder that the tycoon is used to getting his own way as his empire has consistently grown to include hugely influential news outlets such as Fox News , the New York Post and the Wall Street Journal in America, along with The Sun and The Times in the UK. Yet there have been setbacks, including in the UK. A doomed quest by REA , where Murdoch's News Corporation is the majority shareholder, to buy British equivalent Rightmove, is the third time the tycoon has tried and failed to take out a FTSE 100 company, after being outbid for broadcaster Sky in 2018. The £6.2bn bid for Rightmove is partly driven by Lachlan's
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