NEW YORK and LOS ANGELES, Oct. 17,
2019 /PRNewswire/ -- Fox Corporation (Nasdaq: FOXA, FOX)
announced today that it has completed its acquisition of 67% of the
equity of Credible Labs Inc. (ASX: CDR) effective October 17, 2019. Shares of Credible were
suspended from trading on the Australian Stock Exchange (ASX) on
October 16, 2019 (AEST) and Credible
will be delisted from the ASX on October 18,
2019 (AEST).
The completion of the transaction follows the satisfaction of
all customary closing conditions, including approval of the merger
by Credible stockholders.
Each Credible CDI holder of record at closing is entitled to
receive A$2.21 in cash per CDI, and
each holder of common stock in Credible of record at closing is
entitled to receive A$55.25 per
share.
Kirkland & Ellis LLP and Herbert Smith Freehills served as
U.S. and Australian legal counsel, respectively, to Fox
Corporation.
About Fox Corporation
Fox Corporation produces and
distributes compelling news, sports and entertainment content
through its iconic domestic brands including: FOX News Media, FOX
Sports, FOX Entertainment and the 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, develops deeper consumer relationships and
creates more compelling product offerings. FOX maintains an
impressive track record of news, sports, and entertainment industry
success that will shape our strategy to capitalize on current
strengths and invest in new initiatives. For more information about
Fox Corporation, please visit www.FoxCorporation.com.
About Credible
Credible (ARBN: 621 866 813) is a U.S.
company based in San Francisco
which operates a consumer finance marketplace that helps consumers
save money and make better financial decisions. Credible has
developed a proprietary technology platform that is integrated with
credit bureaus and financial institutions. Credible has developed a
differentiated, and personalized user experience that enables
consumers to compare instant, accurate pre-qualified rates from
multiple financial institutions for student loans, personal loans
and mortgages. For more information, please visit:
www.credible.com
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SOURCE Fox Corporation