Fox Corp. said it has closed its $265 million purchase of a majority stake in financial technology startup Credible Labs, which has been publicly traded in Australia. The deal, which was announced …
Fox Corp. said it has closed its $265 million purchase of a majority stake in financial technology startuplast summer, will see Fox own 67% of the company, with a pledge of $75 million in additional financing for its future growth.
In today’s announcement, Fox said Credible shares will be delisted from the Australian Stock Exchange on Friday. Under the deal, each Credible shareholder of record will get A$2.21 in cash, and each holder of common stock in Credible is entitled to A$55.25 per share.
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