Wendi Deng and Rupert Murdoch reach amicable divorce settlement

Rupert Murdoch and Wendi Deng have reached an “amicable” divorce settlement to end their 14-year marriage.

The News Corp boss and his estranged wife told a New York court they would move forward with “mutual respect” and a shared interest in their daughters’ welfare.

The details of the settlement have not been disclosed publicly.

Rupert Murdoch, 82, filed for divorce from Wendi Deng in June saying his marriage had “irretrievably broken down”.

Wendi Deng and Rupert Murdoch have a pre-nuptial agreement and are holding shares in trust for their children.

They have two school-age daughters together, Grace and Chloe.

Wendi Deng, 44, is 38 years younger than the Australian-born media mogul, who is said by Forbes to be worth $9.4 billion.

Rupert Murdoch met his Chinese-born wife in 1997 at a cocktail party in Hong Kong. They were married two years later, weeks after his second divorce.

His global media portfolio includes the Wall Street Journal, Times Newspaper Ltd, as well as television channels such as Fox News and Sky, and the 20th Century Fox movie studio.

Rupert Murdoch filed for divorce just days before News Corp was split into two companies, one for its entertainment assets and the other for its publishing business. He is chairman of both firms.