Announced
Completed
Financials
Tags
United States
Consumer Lending
Majority
consumer finance marketplace
Public
Acquisition
Friendly
Single Bidder
Completed
Synopsis
Fox Corporation, an American television broadcasting company, completed the acquisition of a 67% stake in Credible Labs, a consumer finance marketplace, for $265m. "The acquisition of Credible underscores Fox Corporation's innovative digital strategy that emphasizes direct interactions with our consumers to provide services they want and expand their engagement with us across platforms. Credible, which has tremendous synergy with core brands such as FOX Business and FOX Television Stations and will benefit from our audience reach and scale, will drive strategic growth, further develop our brand verticals and deepen consumer relationships," Lachlan Murdoch, Fox Corporation Executive Chairman and Chief Executive Officer.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.