Rupert Murdoch wants to merge Fox with News Corp, a deal that would reunite the television group behind the Fox News cable channel with the owner of newspapers including The Wall Street Journal.
The 91-year-old media mogul has proposed the combination of the two companies in an all-stock deal, in a move to gain scale in a cut-throat and consolidating media landscape.
The boards of Fox and News Corp have been discussing a deal over the past several weeks and have developed special committees of independent directors to evaluate the merger, said people familiar with the matter.
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