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Fox Corp. acquires one-third interest in Penske Entertainment
Fox Corp. has acquired a one-third interest in Penske Entertainment, which owns the Indianapolis Motor Speedway and the NTT IndyCar open-wheel racing series. The deal includes a multiyear extension of Fox Sports’ media rights for IndyCar.
Penske Entertainment has sold a one-third interest in the company to Fox. The deal is described as a strategic investment to boost IndyCar’s growth. It includes a multi-year contract extension ...
The news of Fox Corporation’s purchase of a 33-percent stake in Penske Entertainment was warmly received in all corners of ...
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