Fox Corporation to Capitalize on Lucrative FanDuel Stake with Strategic Acquisition
Fox Corporation’s CEO, Lachlan Murdoch, at the Goldman Sachs Communacopia and Technology Conference, confirmed the company’s strategic move to activate its option to acquire an 18.6% stake in the sports betting giant, FanDuel. This anticipated transaction is noted for its financial astuteness, as Murdoch highlighted a potential saving of $2.2 billion below the stake’s open market value. Historical context […]
Fox Corporation’s CEO, Lachlan Murdoch, at the Goldman Sachs Communacopia and Technology Conference, confirmed the company’s strategic move to activate its option to acquire an 18.6% stake in the sports betting giant, FanDuel. This anticipated transaction is noted for its financial astuteness, as Murdoch highlighted a potential saving of $2.2 billion below the stake’s open market value. Historical context […]
