lachlan murdoch

A consortium led by Lakshmi Mittal, Aditya Mittal, and Adar Poonawalla has acquired the IPL franchise Rajasthan Royals and its sister entities for approximately $1.65 billion. The deal, expected to conclude in Q3 2026, will see the Mittal family hold a majority stake. This acquisition follows a previous attempt by a Kal Somani-led consortium that faced funding and regulatory hurdles.

Rajasthan Royals has been sold to a consortium led by US entrepreneur Kal Somani for $1.63 billion, marking a significant 24-fold jump in dollar valuation since its 2008 acquisition. The deal, which includes NFL franchise owners Rob Walton and the Hamp family, reflects strong confidence in the IPL's future growth. This acquisition is set to take effect after IPL-2026.

Rajasthan Royals’ valuation has surged from $67 million in 2008 to $1.63 billion in 2026, marking a 2,332.84 percent rise. Once the cheapest IPL franchise, they are now among the most valuable, reflecting the league’s explosive financial growth and strong investor interest.

From the cheapest IPL franchise to one of its most controversial, Rajasthan Royals’ journey has been marked by success, scandals and ownership battles. On March 24, after months of discussions, a Kal Somani-led consortium, backed by American businessman Rob Walton of the Walmart family and the Hamp family, which owns the Ford Motor Company, bought 100 percent of the franchise for $1.63 billion.

Rupert Murdoch, the patriarch, has moved to change the family’s irrevocable trust to preserve his media businesses as a conservative force. Several of his children are fighting back

Rupert Murdoch's family has finalized a succession plan, ensuring lachlan murdoch's control over Fox Corp. until 2050. This arrangement, settling a dispute reminiscent of HBO's "Succession," grants Lachlan, along with his sisters Grace and Chloe, control of Fox News. Prudence MacLeod, Elisabeth Murdoch, and James Murdoch relinquished their claims for $3.

A Nevada Supreme Court hearing will address a legal battle over Rupert Murdoch's media empire succession. The dispute, largely conducted in secrecy, involves Murdoch's attempts to ensure his son Lachlan maintains control, particularly over Fox News's conservative slant. Other Murdoch children are contesting these efforts, raising questions about the future direction of the media conglomerate.

Rupert Murdoch's media empire, including Fox News and The Wall Street Journal, faces a succession struggle as he steps down as chairman. Murdoch's plan to hand control to his eldest son Lachlan has sparked a legal battle with his other children. The conflict hinges on changes to a family trust, potentially reshaping the conservative media landscape.

LONDON: Murdoch, 74, issued a statement reflecting his disappointment.

Rupert Murdoch's attempt to grant his eldest son, Lachlan, sole control of his media empire has been blocked by a Nevada probate commissioner. The commissioner ruled that Murdoch acted in "bad faith" when trying to alter the family trust. Murdoch plans to appeal the decision, while his other children welcomed the ruling, hoping to mend family relationships.

News Corp chairman Rupert Murdoch, who began building his media group with the Adelaide News in 1953, said he'd like one of his children to succeed him, amid regular discussions about who will take over at the US company.

Murdoch, who also co-chairs publisher News Corp with his father Rupert Murdoch, moved with his family to Sydney last month, joining a host of high profile people who have opted to ride out the coronavirus pandemic in relatively unaffected Australia.

Former 21st Century Fox chief executive James Murdoch, son of media tycoon Rupert Murdoch, has resigned from News Corp's board, according to a document released Friday by the US Securities and Exchange Commission (SEC).

In Michael Wolff's new book The Fall: The End of Fox News, Murdoch is sort of hapless Frankenstein, abominating the monster he set loose on the world but unsure how to fight him.

Rupert Murdoch, the Australian-American media mogul, tied the knot for the fifth time at the age of 93 with Elena Zhukova in a private ceremony at his Bel Air estate. The couple's wedding pictures were featured in The Sun, owned by Murdoch. Here's all about Rupert Murdoch's new wife Elena Zhukova and his previous partners.

Rupert Murdoch, the 93-year-old media magnate, has married for the fifth time. This was confirmed by his corporation, News Corp, on Sunday. Murdoch tied the knot with Elena Zhukova, a 67-year-old Russian-born retired molecular biologist. The ceremony took place on Saturday at his vineyard estate in Bel Air, California. Murdoch was most recently married to model and actor Jerry Hall.

A city-based industrialist who came into fame for his bid to buy majority stake in Rajasthan Royals (RR) in 2012 may face legal action from banks for defaults.

The Enforcement Directorate recently initiated a probe into the funding pattern of the franchise and it was found that the funds came directly to the IPL from tax havens that are being investigated.

On top of its strategic challenges, News Corporation faces the tricky question of who will take over from Murdoch.

James Murdoch is considering raising funds from ultra-rich families around the globe, a move that would give him more firepower to make acquisitions and further establish his investment firm.

Donald Trump expressed his discontent with negative political ads against him on Fox News and plans to ask Rupert Murdoch to remove them. Despite his regular appearances, Trump has criticized the network's coverage. Trump calls for a halt on negative ads for 21 days, citing their unfairness.

Donald Trump signed an executive order for US control of TikTok, with Vice President JD Vance confirming American authority over its valuable algorithm. The deal, valuing TikTok's US assets at $14 billion, involves Trump's allies like Oracle, Larry Ellison, Rupert Murdoch, and Michael Dell taking ownership.