Lachlan Murdoch sells $28m News Corp stake

November 30, 2009 — Fusion DigiNet

The Fusion Team have completed over 70 digital and media transactions for its private, corporate and private equity clients. For more information contact pkelly@fusioncorp.co.uk or visit our website

NEWS

Link: Daily Telegraph

Lachlan Murdoch, the elder son of News Corp chief executive Rupert Murdoch, has sold half of his stake in the media empire for $27.6m (£16.7m). It is thought he sold down his stake to fund the purchase of half of DMG Radio Australia from Daily Mail and General Trust (DMGT).

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