News Corp chairman Rupert Murdoch finalises details of divorce with wife Wendi Deng
By North America correspondent Lisa Millar, wires
Photo: Rupert Murdoch, the chairman of News Corp and 21st Century Fox, and his wife of 14 years, Wendi Deng Murdoch, are close to settling their divorce. (AFP: Hector Mata)
Rupert Murdoch, the chairman of News Corp and 21st Century Fox, and his wife Wendi Deng have agreed the terms of their divorce settlement.
The couple appeared in the New York Supreme Court in Manhattan to put the final touches on the agreement to end their 14-year marriage.
As part of the deal, Ms Deng will keep the couple's apartment on Fifth Avenue in Manhattan and their home in Beijing.
Other details of the deal have been kept secret.
In a 10-minute hearing, the couple were told by the judge that she was pleased they had resolved matters amicably.
Ms Deng gave her soon-to-be ex-husband a hug after the proceedings finished.
Mr Murdoch filed for divorce from Ms Deng in June, seeking to end a marriage that had irretrievably broken down, according to his spokesman.
He made the move weeks before he was set to split his media and entertainment empire into two separate companies.
The divorce is not expected to affect the two companies; Deng does not hold a stake in family trust that controls News Corp and Fox.
Their two children, Grace and Chloe, have stakes in the trust but they do not hold voting rights.
Mr Murdoch also has four grown children: Prudence from his first marriage, and Lachlan, James and Elisabeth from his second.
These four grown children all have voting rights in the trust that holds about 40 per cent of the voting stock in News Corp and Fox.
The estranged couple said they will move forward with mutual respect and a shared interest in their daughters' welfare.