)News Corp (NWS) Special Committee composed solely of independent and disinterested members of the News Corp Board of Directors "formed to explore a potential combination with Fox Corp (FOXA) following receipt of letters from K. Rupert Murdoch and the Murdoch Family Trust, provided an update on the process in response to recent investor inquiries. The Special Committee is made up of all the independent directors not affiliated with the Murdoch family–Kelly Ayotte, Jose Maria Aznar, Natalie Bancroft, Ana Paula Pessoa, Masroor Siddiqui-and is chaired by Mr. Siddiqui, News Corp’s Lead Independent Director. The Special Committee has been delegated full authority to evaluate the Proposed Transaction. The letters indicated that Mr. Murdoch and the Murdoch Family Trust will not vote in favor of a transaction unless it is both recommended by the Special Committee and approved by a majority vote of the shares held by non-affiliated stockholders entitled to vote."
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