NEW YORK–(BUSINESS WIRE)–Fox Company (Nasdaq: FOXA, FOX) at this time issued the next response to media studies relating to its authorized dispute with Flutter Leisure plc (“Flutter”):
Fox Company has filed go well with towards Flutter to implement its rights to amass an 18.6% possession curiosity in FanDuel Group—an American sports activities betting model—for a similar value that Flutter paid for that curiosity in December 2020. The go well with was filed as an arbitration earlier than JAMS in New York, NY by consent of the events.
About Fox Company
Fox Company produces and distributes compelling information, sports activities and leisure content material by way of its iconic home manufacturers together with: FOX Information Media, FOX Sports activities, FOX Leisure and FOX Tv Stations. These manufacturers maintain cultural significance with customers and industrial significance for distributors and advertisers. The breadth and depth of our footprint permits us to ship content material that engages and informs audiences, develop deeper client relationships and create extra compelling product choices. FOX maintains a powerful observe report of stories, sports activities, and leisure business success that shapes our technique to capitalize on current strengths and put money into new initiatives. For extra details about Fox Company, please go to www.FoxCorporation.com.
Cautionary Assertion Regarding Ahead Trying Statements
This press launch incorporates “forward-looking statements” throughout the which means of the Non-public Securities Litigation Reform Act of 1995. Phrases equivalent to “could,” “will,” “ought to,” “seemingly,” “anticipates,” “expects,” “intends,” “plans,” “initiatives,” “believes,” “estimates,” “outlook” and comparable expressions are used to determine these forward-looking statements. These statements are primarily based on administration’s present expectations and beliefs and are topic to uncertainty and adjustments in circumstances. Precise outcomes could differ materially from these expressed or implied by the statements on this press launch attributable to adjustments in financial, enterprise, aggressive, technological, strategic and/or regulatory components and different components affecting the operation of the Firm’s companies, together with the influence of COVID-19 and different widespread well being emergencies or pandemics and measures to comprise their unfold. Extra detailed details about these components is contained within the paperwork the Firm has filed with or furnished to the Securities and Trade Fee (the “SEC”), together with the Firm’s Annual Report on Type 10-Ok for the fiscal yr ended June 30, 2020.
Statements on this press launch communicate solely as of the date they have been made, and the Firm undertakes no obligation to replace or launch any revisions to any forward-looking assertion made on this press launch or to report any occasions or circumstances after the date of this press launch or to replicate the prevalence of unanticipated occasions or to adapt such statements to precise outcomes or adjustments within the Firm’s expectations, besides as required by legislation.