Murdoch, wife reach divorce deal
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E-mail China.org.cn, November 21, 2013
Rupert Murdoch and his wife, Wendi Deng Murdoch, told a Manhattan judge on Wednesday that they had reached deal to end their 14-year marriage.
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Rupert Murdoch and his wife, Wendi Deng Murdoch [File photo] |
"I'm glad you were able to resolve these matters amicably," New York State Judge Ellen Gesmer told the couple after learning that they were satisfied with settlement.
Key details of the agreement have not been revealed, but a person familiar with the terms of settlement said Deng is expected to keep the couple's home in Beijing and their Fifth Avenue apartment in Manhattan, purchased in 2004 for a then-record $44 million.
The couple will share custody of their two daughters, who are expected to live with their mother in Manhattan, said the person anonymously.
Murdoch, 82, filed for divorce from Deng, 44, this June citing that their marriage had been irretrievably broken, according to his spokesman at the time.
Murdoch met Wendi in 1997 at a cocktail party in Hong Kong and married her in 1999 aboard a private yacht in New York, weeks after his second divorce.
Murdoch has four grown children, Prudence from his first marriage and Lachlan, James and Elisabeth from his second.
Murdoch split his firm News Corp. earlier this year into two companies: the journalism and publishing portion, still called News Corp., and the more profitable film and TV unit, 21st Century Fox. The divorce won't affect control of the companies or the succession plan for them.
Rupert Murdoch controls them through a family trust that benefits his four children from previous marriages. He and Wendi Deng's two school-age daughters are beneficiaries of 8.7 million non-voting shares being held in a separate trust.
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