Fox Backs Plan to Buy 19% Stake in FanDuel -- Market Talk

Dow Jones

09/11

1448 ET - Fox Corp. intends to exercise its option to purchase 18.6% of FanDuel before 2030, Fox CEO Lachlan Murdoch says at a Goldman Sachs conference. Fox is in the early stages of engaging with 26 states to get sports betting licensing so it can exercise its option, Murdoch says. Flutter bought out Boyd Gaming's 5% stake in FanDuel earlier this year, giving Flutter 100% ownership of the sports betting platform. Fox already owns a 2.5% stake in Flutter. That stake, combined with valuations of a 18.6% stake in Flutter, would be worth about $4.2 billion total, Murdoch says. Fox Corp. and Dow Jones's parent, News Corp., share common ownership. (katherine.hamilton@wsj.com)

(END) Dow Jones Newswires

September 10, 2025 14:48 ET (18:48 GMT)

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Fox is in the early stages of engaging with 26 states to get sports betting licensing so it can exercise its option, Murdoch says. Flutter bought out Boyd Gaming's 5% stake in FanDuel earlier this year, giving Flutter 100% ownership of the sports betting platform. Fox already owns a 2.5% stake in Flutter. That stake, combined with valuations of a 18.6% stake in Flutter, would be worth about $4.2 billion total, Murdoch says. Fox Corp. and Dow Jones's parent, <a href=\"https://laohu8.com/S/NWSAL\">News Corp</a>., share common ownership. (katherine.hamilton@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  September 10, 2025 14:48 ET (18:48 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0575583348.USD","symbol_name":"SCHRODER ISF UK EQUITY \"A\" (USD) INC AV","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2566981869","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2566981869","pubTimestamp":1757530080,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1448 ET - Fox Corp. intends to exercise its option to purchase 18.6% of FanDuel before 2030, Fox CEO Lachlan Murdoch says at a Goldman Sachs conference. 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","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0575583348.USD":"SCHRODER ISF UK EQUITY \"A\" (USD) INC AV","BK4588":"碎股","BK4150":"赌场与赌博","SGXZ81514606.USD":"大华环球创新基金A Acc USD","BK4585":"ETF&股票定投概念","FLUT":"Flutter Entertainment PLC","SGXZ51526630.SGD":"大华环球创新基金A Acc SGD","LU1015430645.USD":"SCHRODER ISF UK EQUITY \"A\" (USDHDG) ACC","FOX":"福克斯-B","BK4125":"广播","SGXZ99366536.SGD":"United Global Innovation A Acc SGD-H","FOXA":"福克斯-A"},"translate_title":"福克斯支持购买FanDuel 19%股份的计划——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"FLUT":0.9,"FOX":0.9,"FOXA":0.9},"content_text":"1448 ET - Fox Corp. intends to exercise its option to purchase 18.6% of FanDuel before 2030, Fox CEO Lachlan Murdoch says at a Goldman Sachs conference. Fox is in the early stages of engaging with 26 states to get sports betting licensing so it can exercise its option, Murdoch says. 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