Delaware General Corporation Law in the context of "OpenAI"

Fox Corporation (commonly referred to as Fox Corp or simply Fox) is an American multinational mass media company headquartered at 1211 Avenue of the Americas in Midtown Manhattan and incorporated in Reno, Nevada, with offices also in Burbank, California. Named after William Fox and incorporated in Delaware, it was formed as a spin-off of 21st Century Fox's television broadcasting, news, and sports assets on March 19, 2019. 21CF went defunct the next day. The company is controlled by Lachlan Murdoch through a family trust with 36% voting shares. Rupert Murdoch is chairman emeritus, while his son Lachlan Murdoch is chairman and CEO.

Fox Corp deals primarily in the television broadcast, news, and sports broadcasting industries. Its assets include Fox Broadcasting Company, Fox Television Stations, Fox News, Fox Business, Fox Sports, Tubi, Fox One and others. Murdoch's newspaper interests and other media assets are held by News Corp, which is also under his control and was split from News Corporation in 2013, alongside 21CF. On September 21, 2023, Rupert Murdoch announced that he was retiring as the chairman of Fox Corp, effective November 2023.

A controlling interest is an ownership interest in a corporation with enough voting stock shares to prevail in any stockholders' motion. A majority of voting shares (over 50%) is always a controlling interest. When a party holds less than the majority of the voting shares, other present circumstances can be considered to determine whether that party is still considered to hold a controlling ownership interest.

In the United States, Delaware corporations have a 2/3 vote requirement for a motion to pass. In theory, this would mean that a controlling interest would have to be over two-thirds of the voting shares.

Ultra vires is a Latin phrase used in law to describe an act that requires legal authority but is done without it. Its opposite, an act done under proper authority, is intra vires. Acts that are intra vires may equivalently be termed "valid", and those that are ultra vires termed "invalid".

Legal issues relating to ultra vires can arise in a variety of contexts:

A Nevada corporation is a corporation incorporated under Chapter 78 of the Nevada Revised Statutes of the U.S. state of Nevada. It is significant in United States corporate law. Nevada, like Delaware (see Delaware General Corporation Law), is well known as a state that offers a corporate haven. Many major corporations are incorporated in Nevada, particularly corporations whose headquarters are located in California and other Western states.

The original incarnation of News Corporation (abbreviated News Corp. and also variously known as News Corporation Limited) was an American multinational mass media corporation founded and controlled by media mogul Rupert Murdoch. Founded on March 15, 1980 as News Corp Limited and formerly incorporated in Adelaide, South Australia, the company was re-incorporated under Delaware General Corporation Law following a successful shareholder vote on November 12, 2004; it had since been headquartered at 1211 Avenue of the Americas in New York City.

On June 28, 2012, after concerns from shareholders in response to its recent controversies and to "unlock even greater long-term shareholder value", Rupert Murdoch announced that News Corporation's assets would be restructured into two publicly traded companies, one oriented towards media, and the other towards publishing. The formal split was completed on June 28, 2013; the original News Corp. was renamed 21st Century Fox and consisted primarily of media outlets, while the second News Corporation was formed to take on the publishing and Australian broadcasting assets.

IAC Inc. is an American holding company that owns brands worldwide, mostly in media and Internet. The company originated in 1996 as HSN Inc. as the holding company of Home Shopping Network and USA Network before changing its name to USA Networks, Inc. in 1999 and its television assets were sold to Vivendi in 2002. Those are now owned today by NBCUniversal, a division of Comcast.

The company is incorporated under the Delaware General Corporation Law but is headquartered in New York City. Joey Levin, who previously led the company's search and applications segment, served as chief executive officer from June 2015 until April 2025.

The Dow Chemical Company is an American multinational corporation headquartered in Midland, Michigan, United States. The company was among the three largest chemical producers in the world in 2021. It is the operating subsidiary of Dow Inc., a publicly traded holding company incorporated under Delaware law.

"Bhopal 1984" With a presence in approximately 160 countries, it employs about 36,000 people worldwide. Dow has been called the "chemical companies' chemical company", referring to its sales to other industries rather than sales made directly to end-use consumers. Dow is a member of the American Chemistry Council.