Rupert Murdoch, Wife Reach Divorce Deal in NYC
   2013-11-21 10:50:19    Agencies      Web Editor: Zhang

Wendi Deng Murdoch is seen outside a New York City court Wednesday, Nov 20, 2013. Reports say Rupert Murdoch and Wendi Deng Murdoch have reached a divorce deal. [Photo: Chinanews.cn]

Media baron Rupert Murdoch and wife, Wendi Deng Murdoch, have reached a divorce deal.

The two appeared in a New York City court Wednesday to tell a judge they had arrived at a settlement to end their 14-year marriage.

The terms were not disclosed in court.

It was the third marriage for 82-year-old Murdoch, who runs an entertainment and media empire.

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.

He and Wendi Deng Murdoch, 44, have two school-age daughters, Grace and Chloe. They are beneficiaries of 8.7 million non-voting shares being held in a separate trust.

Wendi Deng Murdoch is not a shareholder, according to the person familiar with the situation.

Born in China, Wendi Deng Murdoch is a Yale graduate who worked as a junior executive at News Corp.'s subsidiary Star TV in Hong Kong, where she met her future husband at a 1997 cocktail party.

She left Star TV before marrying the media mogul in 1999 aboard Murdoch's private yacht, in New York.

The couple had residences in New York, London, Beijing and elsewhere that were the subject of negotiations in their divorce.

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