NEW YORK–(BUSINESS WIRE) – Fox Corporation (Nasdaq: FOXA, FOX) today released the following response to media reports regarding its litigation with Flutter Entertainment plc (“Flutter”):
Fox Corporation has filed a lawsuit against Flutter to enforce its rights to acquire an 18.6% stake in FanDuel Group – an American sports betting brand – at the same price that Flutter paid for that stake in December 2020. The lawsuit was previously filed as arbitration by JAMS in New York, NY with the consent of the parties.
About Fox Corporation
Fox Corporation produces and distributes compelling news, sports and entertainment content through its well-known brands including FOX News Media, FOX Sports, FOX Entertainment and FOX Television Stations. These brands have cultural significance for consumers and commercial significance for retailers and advertisers. The breadth and depth of our presence enables us to deliver content that engages and informs audiences, build deeper customer relationships, and create more compelling product offerings. FOX can look back on an impressive track record in the news, sports and entertainment industries, which shapes our strategy of leveraging existing strengths and investing in new initiatives. For more information about Fox Corporation, visit www.FoxCorporation.com.
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This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “may”, “will”, “should”, “likely”, “anticipate”, “expect”. “Intentions,” “plans,” “projects,” “beliefs,” “estimates,” “prospects” and similar expressions are used to identify these forward-looking statements. These statements are based on management’s current expectations and beliefs and are subject to uncertainties and changes in circumstances. Actual results may differ materially from those expressed in the statements in this press release due to changes in economic, business, competitive, technological, strategic and / or regulatory factors and other factors that affect the Company’s business, including the effects of COVID-19 and other widespread health emergencies or pandemics and measures taken to contain their spread. More detailed information about these factors can be found in the company’s filings or on file with the Securities and Exchange Commission (the “SEC”), including the company’s annual report on Form 10-K for the year ended June 30, 2020 .
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