An Association That Goes Way Back
Murdoch and Shankar’s association goes back a long time, to the late 2000s, when Shankar was overseeing News Corp Asia’s business.
Murdoch was then CEO of 21st Century Fox.
Walt Disney had later acquired 21st Century Fox Inc in a $71 billion cash and stock deal in June 2018, which made Star India, Fox Star Studios, and Hotstar part of Walt Disney.
Murdoch is the CEO of Lupa Systems, a private holding company, launched after the acquisition of 21st Century Fox.
Murdoch told Financial Times that the new venture would be a “major priority” and a “centre of gravity” for Lupa.
“After two decades of working in India and the region, at Star and more recently at Lupa Systems, it’s great to be entering into a renewed partnership with Uday. Our collaborations over the years have been immensely rewarding for consumers, our various shareholders, and our colleagues. I’m very pleased to be renewing that partnership now. As connectivity continues to accelerate and…