Rupert Murdoch files for divorce from Wendi Deng

The filing stated that the "relationship between husband and wife has broken down irretrievably,” however it is not understood how the separation will affect Murdoch’s shareholding or if Deng will gain shares through the divorce.

According to Deadline Hollywood, who first broke the news, the early signs are that the divorce will not impact Murdoch’s media holdings.

“New Corp is in the process of spinning off its publishing assets into a separately traded company. Murdoch will control both of these entities,” the article update read.