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Untitled Document

Why did rupert murdoch unload $360 million worth of news corp shares?

Published: Friday, November 16, 2007

-MARTY

Well to give to his children of course. Some of us here wouldn't mind being a Murdoch this Christmas. What the hell are his kids, mainly the ones old enough to spend it going to do with all that money? They are getting like $60 million each. We know what we would do! and it includes a lot of booze, women, fast cars and weed. Yeah we would be on a show called "True Hollywood train wrecks"
The cash pay-out follows a $600m bonanza received by the siblings in February - at the time the biggest distribution of Mr Murdoch's fortune. Proceeds from the sale of 17.5m class A shares are expected to be equally split among the children. Some could go to Mr Murdoch himself. "The sale was part of the Murdoch family's normal financial planning," a News Corp spokesman said.

Pay-out for Murdoch family [FT]

Labels: Newscorp, RICH_FUCKS, RupertMurdoch, SHARE_DUMPING

Comments on "Why did rupert murdoch unload $360 million worth of news corp shares?"

 

Anonymous Anonymous said ... (11:53 AM) : 

same here

 

Anonymous wild child said ... (12:04 PM) : 

Oh yeah!

 

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