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The Murdoch family has reached a settlement regarding the long-standing family trust dispute, which will ultimately allow Lachlan Murdoch to take control of the family business empire. The family announced this settlement plan on Monday afternoon and added that Lachlan's siblings Prudence MacLeod, Elisabeth Murdoch, and James Murdoch will each become beneficiaries of the new trust. The funding for these new trusts partially comes from the sale of assets previously held by the Murdoch family trust, specifically including 14.2 million shares of News Corporation Class B common stock and approximately 16.9 million shares of Fox Corporation Class B common stock
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