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The closely watched Murdoch succession drama has ended with a $3.3-billion settlement that gives Lachlan Murdoch control of the family’s influential media assets, including Fox News, the New York Post and the Wall Street Journal.

Fox Corp. on Monday announced the “mutual resolution” of the legal wrangling that had clouded the future direction of the television company and the Murdoch-controlled publishing firm News Corp. The dollar figure was confirmed by a person familiar with the matter who was not authorized to comment publicly.

The succession dispute flared into public view last year after three of Murdoch’s children attempted to block proposed changes that patriarch Rupert Murdoch wanted to make to his trust to cement his oldest son Lachlan’s grip on power. In December, a Nevada probate commissioner rejected Rupert Murdoch’s request to amend his trust amid the opposition by his three adult children.

The 94-year-old mogul wanted to ensure the conservative leanings of his media empire would carry on and felt that Lachlan Murdoch, who serves as chairman and chief executive of Fox, was the most ideologically compatible with his own point of view.

Until now, Rupert’s four oldest children — Prudence MacLeod, Elisabeth Murdoch, Lachlan Murdoch and James Murdoch — were set to jointly inherit control of the businesses. But, as part of the settlement, Prudence, Elisabeth and James agreed to relinquish their shares in the family trust and give up any roles going forward.

Two new trusts will be established. One will benefit Lachlan Murdoch and Rupert Murdoch’s two youngest daughters, Chloe and Grace Murdoch, who were born during his union with ex-wife Wendi Deng.

The second trust will benefit Prudence, Elisabeth, James and their descendants. Fox Corp. separately announced a public offering of 16.9 million shares of Fox Corp. stock, currently held by the Murdoch Family Trust.

Those proceeds, along with the sale of 14.2 million shares of publishing company News Corp.’s Class B common stock, will fund the new trust.

Fox said Monday that voting control of the Fox and News Corp. shares held by this trust “will rest solely with Lachlan Murdoch through his appointed managing director” through 2050.

“Fox’s board of directors welcomes these developments and believes that the leadership, vision and management by the Company’s CEO and Executive Chair, Lachlan Murdoch, will continue to be important to guiding the Company’s strategy and success,” the board said in a statement.

Fox said it is not selling any of its stock.

The family will sell nonvoting Class B shares and hold on to its voting shares — and control. Rupert Murdoch will remain the company’s chairman emeritus.

During a six-month period following the stock sales, James, Prudence and Elisabeth will be expected to “sell their de minimis personal holdings in FOX and News Corp.” to severe all ties with the companies.

With the terrible year they’ve had in MLS, expectations weren’t exactly high for Galaxy ahead of their Leagues Cup quarterfinal match against Pachuca.

The Galaxy suffered embarrassing defeats during their past two MLS games, falling at home to the Seattle Sounders and on the road against Inter Miami.

However, Galaxy coach Greg Vanney’s players put the losses behind them and continued to perform well in Leagues Cup play, surprisingly eliminating Pachuca 2-1 on Wednesday night at Dignity Health Sports Park.

Liga MX leading Pachuca entered the match as the favorite despite losing to Xolos de Tijuana at home last Saturday.

The Galaxy opened the scoring in the 27th minute thanks to an own goal by Pachuca defender Daniel Aceves, who seemed to be struggling with ball control and spacing.

Diego Fagundez took a short corner kick for Marco Reus, who sent in a low cross and Aceves, unfortunately for his team, pushed the ball into his own net to give the Galaxy a 1-0 lead.

The Galaxy kept pushing forward and their efforts soon paid off when Joseph Paintsil launched a swift attack down the left wing to Matheus Nascimento inside the box, who backheeled the ball to Reus to make it 2-0 in the 37th minute.

In the sixth minute of second half stoppage time, Pachuca found space to score a consolation goal. The goal came from a half-volley inside the box by Brazilian Alemao to make the score 2-1. The match ended a minute later, sending the Galaxy to the Leagues Cup semifinals.

All Mexican teams were eliminated from the tournament Wednesday night.

The Galaxy will play the Seattle Sounders and Inter Miami will play Orlando City for spots in the Leagues Cup final.

This article first appeared in Spanish via L.A. Times en Español.