Los Angeles Times
News Corp. shareholders Amalgamated Bank of New York and the Central Laborers Pension Fund say the agreement to buy Elisabeth Murdoch‘s Shine Group for about $675 million is an act of “nepotism.” Rupert Murdoch‘s daughter stands to receive $320 million in return for her 53% stake in Shine, along with a seat on News Corp.’s board, the lawsuit notes.
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Murdoch sued over plan to buy daughter’s company
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