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August 1, 2014

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Murdoch divorce proceeding nearly final

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ASSOCIATED PRESS

Rupert Murdoch and his wife, Wendi Deng Murdoch, arrive at the Oscars at the Dolby Theater in Hollywood on Sunday, Feb. 24, 2013.

LOS ANGELES — 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.

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