Murdoch Weighs Reuniting Fox and News Corp, Sending Both Stocks Swinging

Court documents and video released show Rupert Murdoch is weighing a re-merger of Fox Corp and News Corp, the two companies he split into separate publishers and broadcasters back in 2013. The news sent both stocks moving sharply in the August 27 session, with Investing.com describing the shares as volatile as investors tried to price in what a reunited media giant might look like. News Corp's Class A shares hit a 52-week high of $31.64 during the session, suggesting some investors see the prospect of a re-merger as value-additive, though the reaction across both tickers was choppy rather than one-directional. A combined company would reunite Fox's television and cable news assets with News Corp's publishing arm, which includes the Wall Street Journal and HarperCollins. What remains unresolved is whether this is a serious corporate plan or an idea floated in family succession litigation. No formal merger proposal, timeline or exchange ratio has been disclosed.