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James Murdoch's Firm Takes Stake In Art Basel Owner
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hollywoodreporter.comDays after resigning from News Corp.'s board of directors, James Murdoch has been approved to join the board of the owner of Art Basel as his firm takes a stake in the company.
MCH Group, the owner ofthe global art fair platform, disclosed Monday that its board of directors had voted to approve Murdoch's firm, Lupa Systems, to invest in the company and voted to add the mogul to its board. "We are very pleased that our future fellow shareholders have approved Lupa System’s entry into the MCH Group," Murdoch said in a statement. "As a long-term anchor investor and on the Board of Directors, we will do our utmost to contribute to the successful turnaround and further strategic development of the company, rewarding the trust placed in us." MCH.
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