Why murdochs are divorcing

Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log out. US Markets Loading H M S In the news. Executive Lifestyle. Megan Willett-Wei. Sign up for notifications from Insider! Stay up to date with what you want to know. Loading Something is loading. Email address. Deal icon An icon in the shape of a lightning bolt. The estranged couple told a New York court they would move forward with "mutual respect" and a shared interest in their daughters' welfare.

The details of the settlement have not been disclosed publicly. The year-old filed for divorce from Ms Deng in June saying his marriage had "irretrievably broken down". The couple have a pre-nuptial agreement and are holding shares in trust for their children.

They have two school-age daughters together, Grace and Chloe. Mr Murdoch met his Chinese-born wife in at a cocktail party in Hong Kong. With the family stock tightly locked up in the trust, Wendi Deng will not be entitled to any of these News Corp shares, but she could now fight for voting rights for Grace and Chloe, the former News Corp executive predicted as part of her divorce settlement.

Officially, Deng is entitled to whatever she agreed to in the prenuptial agreement signed in when they married on a luxury yacht to the sounds of Charlotte Church's angelic voice. He added that given Murdoch's immense wealth, it would be unlikely that Deng will challenge the prenup. By lodging papers in New York, the final settlement is likely to remain secret, Unlike California, the New York courts are generously accommodating when it comes to protecting privacy in family disputes.

Laura Zwicker, an attorney at Greenberg Glusker who counsels high-net-worth individuals and their families, told the Hollywood Reporter that "New York favours enforceability of prenup agreements, and unless Wendi is able to establish [she signed in] fraud or duress, it is likely to withstand a challenge. Zwicker said the landmark ruling in London when the UK supreme court ordered a Nigerian oil tycoon to hand over his company assets to his wife might be playing on Wendi's mind as News Corp owns UK assets.