James Murdoch Ventures Into Drone Technology With New Investment
- The heir to Murdoch fortune is backing Norway’s UBIQ Aerospace
- The D-ICE product is meant to help drones fly in cold weather
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James Murdoch will have a new tech venture to discuss when he joins the other billionaires milling about at the annual Allen & Co. retreat in Idaho next month.
The younger son of media magnate Rupert Murdoch, who parted ways with the family business after it struck a $71 billion deal to sell a swath of assets to Walt Disney Co. this year, has backed the seed round of a Norwegian drone technology company.