Murdoch divorce proceeding nearly final
The divorce won't alter the succession plan for the pair of media companies.
LOS ANGELES (AP) - Rupert Murdoch's divorce from his wife of 14 years, Wendi Deng Murdoch, is nearly final and the sides are close to amicably resolving the matter.
That's according to a person familiar with the situation who spoke Tuesday on condition of anonymity because the matter is personal. The person said the pair will appear in a New York court on Wednesday to formalize the agreement.
The divorce won't alter the succession plan for the pair of media companies that 82-year-old Rupert Murdoch controls through a family trust, 21st Century Fox and the recently spun-off publishing company, News Corp.
Wendi Deng Murdoch, 44, is not a shareholder, according to the person. Their two school-age children, Grace and Chloe, are beneficiaries of 8.7 million non-voting shares being held in a separate trust.
