The question of succession has hung over Lachlan Murdoch his entire life. It has finally, definitively been answered.
The family’s empire, built over more than 70 years by his father, Rupert, is his to control for probably decades to come. Thanks to a $3.3 billion deal he reached with his three oldest siblings, Mr. Murdoch will be able to oversee the family’s media business until at least 2050.
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