Rupert Murdoch has given each of his six children $100m (£51m) worth of News Corp shares in the biggest distribution yet of his multi-billion dollar fortune and a clear sign that he plans to share his wealth among them equally.
The move comes as News Corp works to complete last year’s deal with John Malone’s Liberty Media to swap Liberty’s $11bn of voting shares in News Corp for Mr Murdoch’s stake in DirecTV, the US satellite operator.
