Translation: it's not going well for Fox in the Dominion lawsuit.
Rupert Murdoch scraps proposal to combine Fox, News Corp, eyes sale of Move
the combination was "not optimal for shareholders of News Corp and Fox at this time."
Irenic has a stake in News Corp, but pointed to risks owning Fox, which it argued “is subject to litigation that may result in billions in costs”.
That legal action in which Dominion Voting Systems is suing Fox News and its parent company, Fox Corp, for $US1.6 billion over repeated claims that it rigged its voting machines as part of a conspiracy to steal the 2020 presidential election from Donald Trump.
https://www.smh.com.au/business/companies/why-rupert-murdoch-s-mega-deal-is-dead-20230125-p5cfbn.html