Wednesday, November 20, 2013

Rupert Murdoch, Wendi Deng reach divorce settlement

 Rupert Murdoch, the chairman of News Corp and 21st Century Fox, arrives at New York State Supreme Court with his lawyers in New York, November 20, 2013. Murdoch and his wife of 14 years, Wendi Deng are close to settling their divorce, according to a person familiar with the terms of the agreement. REUTERS/Brendan McDermid (UNITED STATES - Tags: CRIME LAW ENTERTAINMENT MEDIA BUSINESS)

BRENDAN MCDERMID/REUTERS



Rupert Murdoch, chairman of News Corp and 21st Century Fox, arrives at New York State Supreme Court with his lawyers Wednesday in New York.




Media baron Rupert Murdoch and his wife, Wendi Deng Murdoch, have reached a divorce settlement.


The two appeared in a New York court Wednesday to tell a judge they’ve reached a deal to end their 14-year marriage. Terms weren’t disclosed.


After 14 years of marriage, Rupert Murdoch has reached a divorce settlement with Wendi Deng Murdoch.


BRENDAN MCDERMID/REUTERS


After 14 years of marriage, Rupert Murdoch has reached a divorce settlement with Wendi Deng Murdoch.


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The Murdochs said in a joint statement that the settlement was amicable. They said they’ll move forward with “mutual respect” and a shared interest in their daughters’ welfare.


Rupert Murdoch, 82, and Wendi Deng Murdoch, 44, have two daughters and a trust set up in their names.


LUCY NICHOLSON/REUTERS


Rupert Murdoch, 82, and Wendi Deng Murdoch, 44, have two daughters and a trust set up in their names.


It was the third marriage for 82-year-old Rupert Murdoch, who leads 20th Century Fox and News Corp. The divorce won’t affect control of the companies or the succession plan for them. Rupert Murdoch controls them through a family trust that benefits his four children from previous marriages.


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He and 44-year-old Wendi Deng Murdoch have two school-age daughters. They are beneficiaries of 8.7 million non-voting shares being held in a separate trust.





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