Extract from ABC News
BREAKING
Lachlan and Rupert Murdoch have been in a legal battle with three of Rupert's other children. (Reuters: Peter Nicholls)
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Extract from ABC News
BREAKING
Lachlan and Rupert Murdoch have been in a legal battle with three of Rupert's other children. (Reuters: Peter Nicholls)
The Murdoch family's bitter legal battle over the future of its media empire has been settled out of court.
Rupert Murdoch's son Lachlan will effectively keep control of the media group after his siblings agreed to a deal following a court fight in the US.
The Succession-style feud was sparked by a plan to change the Murdoch family trust to hand control of Fox Corp and News Corp to Lachlan when Rupert dies.
The plan required a rewrite of the trust's "irrevocable" terms, which would have evenly divided control of the companies between Rupert's oldest children.
James, Elisabeth and Prudence Murdoch opposed the move, and the dispute went before a court in Nevada last year.
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