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- After his two-year non-compete clause was over, Lachlan struck a deal with James Packer — a longtime friend who had inherited the Australian empire owned by his father's oldest rival. The two would spend $3.3 billion to privatise the publicly listed Consolidated Media Holdings and hand themselves a fat stack of Australian media assets.
www.abc.net.au/news/2023-09-24/the-rise-of-rupert-murdoch-heir-lachlan/102889202How Rupert Murdoch's son Lachlan went from reluctant heir, to ...
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Sep 15, 2024 · The respective histories of the Murdoch and Packer family dynasties may offer a clue to Lachlan's next major move.
- What the fight for the Murdoch family media empire is really ...
Under the terms of the family trust, set up in 1999...
- What the fight for the Murdoch family media empire is really ...
Sep 22, 2024 · Under the terms of the family trust, set up in 1999 following Rupert and Anna Murdoch's divorce, each of Rupert's children at the time – Prudence, Elisabeth, Lachlan and James – would have equal say in the fate of the businesses when Rupert dies.
Sep 23, 2023 · Rupert Murdoch has finally put to rest speculation about his succession plans. From one single newspaper, the media mogul created a sprawling global empire that delivered him enormous influence, vast sums of money and made him a household name.
For generations, Sydney’s Murdoch and Packer families were inexorably locked in a never-ending saga of war and peace between their respective media empires. Today, they appear to be on vastly different paths, and on opposite sides of the globe.
The Packer and Murdoch families are both worth A$7-8bn – but this is the biggest deal they’ve ever done together. The Australian claims that Lachlan is financing his portion of the transaction...
Sep 9, 2024 · While Lachlan Murdoch has taken over as the successor to his father Rupert Murdoch, the sibling enmity over control of the US$20 billion empire is at its worst, according to the junior Murdoch’s biographer, Paddy Manning.
Sep 9, 2024 · Rupert Murdoch's attorneys are in court in Nevada seeking to change the terms of his irrevocable trust to give full control of the family's media empire to his elder son Lachlan.
