Rupert Murdoch reaches divorce settlement

 Posted on December 02, 2013 in Divorce

Media tycoon Rupert Murdoch recently reached a divorce deal with his wife Wendi Deng Murdoch.

The Associated Press reports that the couple shook hands and hugged outside of the courthouse.

"We are pleased to announce that we have reached an amicable settlement of all matters relating to our divorce," the couple said in a prepared statement. "We move forward with mutual respect and a shared interest in the health and happiness of our two daughters."

Rupert Murdoch is an 82-year-old business tycoon who is originally from Australia. He's currently the CEO of News Corp and 21st Century Fox. His net worth is around 13 billion dollars.

Chinese-born Wendi Deng is Rupert Murdoch's third wife. She married Murdoch in 1999, about three weeks after he divorced his second wife. The couple has two children together.

The split will not likely have a large impact on Murdoch's business dealings. The Associated Press reports that Rupert Murdoch controls his companies through a family trust that benefits his children from his previous marriages.