Companies

Jul 18, 2014

A gerrymander to make Sir Joh proud: how the Time Warner deal would cement the Murdoch clan

What happens next is difficult to predict as Time Warner offer dwarfs all other bids in Murdoch's acquisition history.

Stephen Mayne — Journalist and Founder

Stephen Mayne

Journalist and Founder

When Rupert Murdoch almost lost control of News Corp during its 1990-91 debt crisis, the then 60-year-old resolved that it would no longer be possible to maintain and grow his empire whilst retaining a majority of the shares on issue. And after spooking his family with the near loss of the Murdoch fortune, Rupert also promised to buy out his three sisters from their News Corp entitlement. This cost him about $600 million in payments during the balance of the 1990s.

0 comments

Leave a comment

Share this article with a friend

Just fill out the fields below and we'll send your friend a link to this article along with a message from you.

Your details

Your friend's details

Sending...