News Corp's Murdoch gives kids $ 600 mn in shares

New York, Feb 3: Media tycoon Rupert Murdoch has awarded an estimated 600 million dollars worth of News Corp shares to his six children, according to regulatory filings.

Murdoch's six children, including Lachlan Murdoch, the former chief operating officer of News Corp, who left the company last year, will each receive about 100 million dollars worth of class A non-voting shares each, a company spokesman said, yesterday.

News Corp said the award was for financial planning purposes.

Reuters