News Corp. on Thursday raised its offer price to buy the shares of Fox Entertainment Group it does not own, as the global media conglomerate reached a settlement in principle with the consolidated Fox shareholder lawsuits blocking the earlier offer.

News Corp. is now offering to pay Fox shareholders 2.04 shares of News Corp. Class A common stock for every share of Fox Class A common stock, up from an earlier offer of 1.90 News Corp. shares.

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