Having some years ago traded his Australian citizenship for the business advantages of being a US national, media mogul Rupert Murdoch has now decided to dump his birthplace as the corporate base for the familial News Corporation business empire.

NewsCorp is currently incorporated and registered in Adelaide but believes a move stateside will give it better access to US capital markets.

A case of being sold up the Torrens?

Data sourced from: Reuters; additional content by WARC staff