About the Company
Headquartered in New York City, New York, Fox Corporation, more commonly known as Fox is a mass media company established in 2019. As of 2020, it had about 7,700 employees working under its four divisions and subsidiaries. Its four brands include Fox TV Stations, Fox News Media, Fox Sports and Fox Entertainment. Tubi, Fox Broadcasting Company and Credible Labs are its three subsidiaries.
Even though the company was established in 2019, its brands have been active under its predecessor 21st Century Fox, which was incorporated in 2012. Rupert Murdoch is the mind behind both the companies and have successfully made Fox a leader in the mass media industry. The main reason behind its incorporation was Walt Disney Company’s declaration of their interest in purchasing 21st Century Fox’s assets in December 2017. However, this merger was initially not approved by the government due to an FCC policy. It was eventually carried out by the beginning of 2019, and Fox Corporation officially replaced 21st Century Fox in the S&P 500 list.
Speaking of 21st Century Fox, the company controlled 3 music and radio brands, 23 entertainment studios, 2 production houses, 4 broadcasting brands, 3 satellite television providers, over 47 television channels, 6 internet platforms and few other assets. As of 2020, Fox Corporation is a NASDAQ 100 component and trades under a class A and a class B ticker symbol. Its class A trading symbol is FOXA and all the other details such as FOXA share prices and market statistics of the company have been provided on this page to ease your investment journey.
The company’s first acquisition as Fox Corporation was in May 2019, when it acquired 4.99% stake of The Stars Group through its Fox Sports division. It then went ahead and acquired Credible labs for $397 million and Bento Box Entertainment for $50 million in August of the same year. Its most major acquisition was of Tubi, a streaming service for $440 million in April 2020. In 2020, it has also acquired positions in prestigious corporate lists like Fortune 500, Forbes Global 2000 and Forbes World’s Most Valuable Brands.;
|Fox Corporation Class A Shares
|New York, NY