News Corporation (NASDAQ: NWSA, NWS; ASX: NWS, NWSLV) announced that trusts established for the benefit of Prudence MacLeod, Elisabeth Murdoch, James Murdoch, their descendants, and select charitable organizations plan to sell 14,182,161 shares of Class B common stock in an underwritten public offering.
Notably, News Corp itself is not selling any shares and will receive no proceeds from the transaction. The sale is entirely for the benefit of the selling stockholders, highlighting a strategic liquidity move by the Murdoch family trusts rather than a corporate capital raise.
The offering is subject to market and other conditions, and there is no guarantee it will be completed. Morgan Stanley is acting as the sole underwriter.
The sale will proceed through a registration statement and prospectus filed with the U.S. Securities and Exchange Commission (SEC). Investors should review these documents for full details on the offering, which are available from Morgan Stanley or via the SEC website.
This transaction underscores ongoing moves by influential family trusts to manage holdings in publicly traded media giants, while keeping corporate operations separate from personal asset liquidity.
