{"id":472249,"date":"2021-04-06T16:52:30","date_gmt":"2021-04-06T20:52:30","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=472249"},"modified":"2021-04-06T16:52:30","modified_gmt":"2021-04-06T20:52:30","slug":"fox-corporation-statement-on-legal-dispute-with-flutter-entertainment-relating-to-foxs-right-to-acquire-an-18-6-equity-interest-in-fanduel","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/fox-corporation-statement-on-legal-dispute-with-flutter-entertainment-relating-to-foxs-right-to-acquire-an-18-6-equity-interest-in-fanduel\/","title":{"rendered":"Fox Corporation Statement on Legal Dispute with Flutter Entertainment Relating to FOX\u2019s Right to Acquire an 18.6% Equity Interest in FanDuel"},"content":{"rendered":"

<\/p>\n

Fox Corporation Statement on Legal Dispute with Flutter Entertainment Relating to FOX\u2019s Right to Acquire an 18.6% Equity Interest in FanDuel<\/b><\/p>\n

NEW YORK–(BUSINESS WIRE<\/a>)–
\nFox Corporation (Nasdaq: FOXA, FOX) today issued the following response to media reports regarding its legal dispute with Flutter Entertainment plc (\u201cFlutter\u201d):\n<\/p>\n

\nFox Corporation has filed suit against Flutter to enforce its rights to acquire an 18.6% ownership interest in FanDuel Group\u2014an American sports betting brand\u2014for the same price that Flutter paid for that interest in December 2020. The suit was filed as an arbitration before JAMS in New York, NY by consent of the parties.\n<\/p>\n

About Fox Corporation<\/b><\/p>\n

\nFox Corporation produces and distributes compelling news, sports and entertainment content through its iconic domestic brands including: FOX News Media, FOX Sports, FOX Entertainment and FOX Television Stations. These brands hold cultural significance with consumers and commercial importance for distributors and advertisers. The breadth and depth of our footprint allows us to deliver content that engages and informs audiences, develop deeper consumer relationships and create more compelling product offerings. FOX maintains an impressive track record of news, sports, and entertainment industry success that shapes our strategy to capitalize on existing strengths and invest in new initiatives. For more information about Fox Corporation, please visit www.FoxCorporation.com<\/a>.\n<\/p>\n

Cautionary Statement Concerning Forward Looking Statements<\/b><\/p>\n

\nThis press release contains \u201cforward-looking statements\u201d within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as \u201cmay,\u201d \u201cwill,\u201d \u201cshould,\u201d \u201clikely,\u201d \u201canticipates,\u201d \u201cexpects,\u201d \u201cintends,\u201d \u201cplans,\u201d \u201cprojects,\u201d \u201cbelieves,\u201d \u201cestimates,\u201d \u201coutlook\u201d and similar expressions are used to identify these forward-looking statements. These statements are based on management\u2019s current expectations and beliefs and are subject to uncertainty and changes in circumstances. Actual results may vary materially from those expressed or implied by the statements in this press release due to changes in economic, business, competitive, technological, strategic and\/or regulatory factors and other factors affecting the operation of the Company\u2019s businesses, including the impact of COVID-19 and other widespread health emergencies or pandemics and measures to contain their spread. More detailed information about these factors is contained in the documents the Company has filed with or furnished to the Securities and Exchange Commission (the \u201cSEC\u201d), including the Company\u2019s Annual Report on Form 10-K for the fiscal year ended June 30, 2020.\n<\/p>\n

\nStatements in this press release speak only as of the date they were made, and the Company undertakes no duty to update or release any revisions to any forward-looking statement made in this press release or to report any events or circumstances after the date of this press release or to reflect the occurrence of unanticipated events or to conform such statements to actual results or changes in the Company\u2019s expectations, except as required by law.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20210406006120\/en\/<\/a><\/span><\/p>\n

Press:
\n<\/b>
Sard Verbinnen & Co.
\n
Charles Chichester, Ellen Davis and Steven Goldberg
\n
FOX-SVC@sardverb.com
\n<\/a><\/p>\n

Investors:
\n<\/b>
Joe Dorrego
\n
212-852-7856
\n
joseph.dorrego@fox.com
\n<\/a><\/p>\n

Dan Carey
\n
212-852-7955
\n
daniel.carey@fox.com<\/a><\/p>\n

KEYWORDS:<\/b> United States North America New York<\/p>\n

INDUSTRY KEYWORDS:<\/b> Other Entertainment TV and Radio General Entertainment Entertainment<\/p>\n

MEDIA:<\/b><\/p>\n\n","protected":false},"excerpt":{"rendered":"

Fox Corporation Statement on Legal Dispute with Flutter Entertainment Relating to FOX\u2019s Right to Acquire an 18.6% Equity Interest in FanDuel NEW YORK–(BUSINESS WIRE)– Fox Corporation (Nasdaq: FOXA, FOX) today issued the following response to media reports regarding its legal dispute with Flutter Entertainment plc (\u201cFlutter\u201d): Fox Corporation has filed suit against Flutter to enforce its rights to acquire an 18.6% ownership interest in FanDuel Group\u2014an American sports betting brand\u2014for the same price that Flutter paid for that interest in December 2020. The suit was filed as an arbitration before JAMS in New York, NY by consent of the parties. About Fox Corporation Fox Corporation produces and distributes compelling news, sports and entertainment content through its iconic domestic brands including: … <\/p>\n

Continue reading “Fox Corporation Statement on Legal Dispute with Flutter Entertainment Relating to FOX\u2019s Right to Acquire an 18.6% Equity Interest in FanDuel”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-472249","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nFox Corporation Statement on Legal Dispute with Flutter Entertainment Relating to FOX\u2019s Right to Acquire an 18.6% Equity Interest in FanDuel - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/fox-corporation-statement-on-legal-dispute-with-flutter-entertainment-relating-to-foxs-right-to-acquire-an-18-6-equity-interest-in-fanduel\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Fox Corporation Statement on Legal Dispute with Flutter Entertainment Relating to FOX\u2019s Right to Acquire an 18.6% Equity Interest in FanDuel - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Fox Corporation Statement on Legal Dispute with Flutter Entertainment Relating to FOX\u2019s Right to Acquire an 18.6% Equity Interest in FanDuel NEW YORK–(BUSINESS WIRE)– Fox Corporation (Nasdaq: FOXA, FOX) today issued the following response to media reports regarding its legal dispute with Flutter Entertainment plc (\u201cFlutter\u201d): Fox Corporation has filed suit against Flutter to enforce its rights to acquire an 18.6% ownership interest in FanDuel Group\u2014an American sports betting brand\u2014for the same price that Flutter paid for that interest in December 2020. 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