Growth main focus of New Fox company - report

Business 1/11/2019, 3:37 PM
Growth main focus of New Fox company - report

Growth will be the main focus of the so-called New Fox company once the Walt Disney Co. finishes the acquisition of 21 Century Fox, CNBC reported on Friday, citing sources familiar with the matter. The deal is expected to be completed some time in the first half of 2019.

Meanwhile, the company also stated that it doesn't intend to bid for regional sport networks, which were a part of Fox, in order to buy them back after the acquisition is complete, according to the Securities and Exchange Commission (SEC) filing. Meanwhile, Disney plans on selling the sport networks for up to $20 billion.

Amazon, Viacom, Sinclair and Major League Baseball are the main bidders for the former Fox sport networks.

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