Murdoch Caps Long Career by Laughing All the Way to Bank20 Jul 2018—Bloomberg
Rupert Murdoch had one more blockbuster deal in him. And it might be the grizzled veteran’s sweetest yet.
The 87-year-old mogul is poised to complete a $71 billion sale of selected 21st Century Fox Inc. assets to Walt Disney Co. While Murdoch’s track record is mixed -- the 2005 investment in MySpace was a half-billion dollars he never saw again -- this transaction will cement his legacy as one of the media world’s top wheeler-dealers. After competition from Comcast Corp. pushed Disney to...