A new accord ends a bitter power struggle and gives Rupert Murdoch’s elder son control of the family’s media empire.
By Andrew Ross SorkinBernhard WarnerSarah KesslerMichael J. de la Merced and Niko Gallogly
Andrew here. Lots of news this morning, including the end of the fight for control over the Murdoch family’s media empire. There’s something else worth keeping an eye on: a report by The Wall Street Journal that OpenAI would consider leaving California over concerns the state might block its plan to become a for-profit business.
OpenAI, which said it had no plans to leave the state, is in a complicated place. It’s trying to persuade state officials to approve its plan. But the potential threat could backfire, since regulators could not only block the plan but also go to court to halt any effort to reincorporate elsewhere. That would thrust OpenAI and its investors, including Microsoft, into a lengthy legal battle.
It’s over. The Murdoch family has finally settled a yearslong civil war for control of its empire — one that, yes, inspired an award-winning TV show — in perhaps the only way possible: a multibillion-dollar deal that followed a protracted legal fight.
