Rupert Murdoch is exploring options to recombine his Fox Corp and News Corp businesses, putting back together a media empire that he split in 2013. Both companies have set up special committees of independent directors to study a potential deal and evaluate possible terms, according to statements they put out late Friday. There’s no certainty an agreement will be reached, the companies said. Discussions involve an all-stock merger that would require approval by a majority of the non-family shareholders, according to people familiar with the negotiations who asked not to be identified because the talks are private. Murdoch initiated the discussions, one of the people said. A combination woul
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