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Business
September 12, 2024
Fox Reportedly Aims for FanDuel Stake at $2.2bn Below Value
Several years ago, in 2020, the leading gaming and entertainment company, Flutter Entertainment, purchased The Stars Group. This created a connection between the former and Fox Corporation, one of the world’s leading and most valued mass media companies in America. Through this legal connection, Fox secured an option to purchase a stake in FanDuel, Flutter’s […]
Sports
August 10, 2023
FOX BET May Not Be Dead as Murdoch Wants to Leverage Super 6
The Tuesday call with investors saw Murdoch discuss the recent and rather abrupt shutdown of the corporation’s betting arm. FOX BET was launched in the hopes of striking a unique and highly lucrative balance between FOX’s involvement in sports and the fast-evolving sports gambling market. FOX Boss Talks the Future of the Sports Betting Brand […]
Business
July 31, 2023
Fox Corp. and Flutter to Shutter Their Fox Bet Online Wagering Business
As the joint project of Fox Corp. and Flutter Entertainment, Fox Bet was perfectly positioned to capitalize on the growing US online sports betting market. However, disagreements between the two companies and diverging interests meant the project never reached its full potential. The impending shutdown will undoubtedly create short-term instability, but Flutter’s dominating market position […]
Sports
April 7, 2021
Fox Corp. Goes to Arbitration over Value of FanDuel Stake
A massive, tangled web of negotiations involving multiple companies now has Fox Corp. crying foul. The media giant, which is also behind the FOX Bet sports gambling platform, and Flutter Entertainment are at odds over a piece of FanDuel that has now led to Fox Corp. turning to arbitration to find resolution. At issue is […]
Industry
March 23, 2021
Fox Corporation Names Jeff Taylor General Counsel
Fox Corporation has announced the promotion of Jeff Taylor to General Counsel alongside the appointment of Nicholas Trutanich, who will provide ethics advice and will deal with legal issues. Jeff Taylor to Oversee Fox Corporation’s Legal Function Yesterday, Fox Corporation announced the appointment of Jeff A. Taylor as General Counsel in charge of the company’s […]