News Corp. CEO Robert Thomson despatched out the following to the staff on Friday:
The Information Corp Board, pursuing the receipt of letters from Rupert Murdoch and the Murdoch Family members Have confidence in, has formed a Distinctive Committee of independent directors to assess a possible combination with Fox Corporation.
At Information Corp, we are regularly pursuing approaches to greatly enhance our efficiency and broaden our organizations, and the upheaval in media offers equally problems and possibilities. On the other hand, I would like to tension that the Special Committee has not created any perseverance at this time, and there can be no certainty that any transaction will consequence from its evaluation.
The announcement will have no impression on our existing functions and it is vital that we all stay resolutely centered on our earth-course publishing, news, amusement, intelligence and true estate products and solutions. We have experienced two successive a long time of file income and so I thank you for what you have done and for what you absolutely will do for the organization.
Today’s news will no question prompt a lot media coverage and speculation, and it is generally very best not to speculate on speculation. If you acquire any outreach from media, shareholders, shoppers, or other folks be sure to forward the missive to the Chief Communications Officer in your area. We will make no more official comment till the Special Committee deems it acceptable.