Fox Isn't Looking to Move Into Sports Betting -- Market Talk

Dow Jones

Dec 09

1157 ET - Fox Chief Financial Officer Steve Tomsic says the media company is unlikely to venture back into the sports betting business anytime soon following the shuttering of Fox Bet in 2023. Tomsic says at the UBS Global Media and Communications conference that Fox is content with its role as an investor in Flutter, which owns FanDuel, and doesn't need to be operating a sports betting license on its own. "We have enormous respect to what Flutter brings to the table in terms of sports betting prowess," he says. "We're happy, as a sports business, to bring the sports broadcasting element to it." Fox's current stake in Flutter is worth about $900 million, Tomsic said, and the company has an option through 2030 to take out an 18.6% stake in Flutter. Fox Corp. and Wall Street Journal parent News Corp share common ownership. (elias.schisgall@wsj.com)

(END) Dow Jones Newswires

December 08, 2025 11:57 ET (16:57 GMT)

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Tomsic says at the UBS Global Media and Communications conference that Fox is content with its role as an investor in Flutter, which owns FanDuel, and doesn't need to be operating a sports betting license on its own. \"We have enormous respect to what Flutter brings to the table in terms of sports betting prowess,\" he says. \"We're happy, as a sports business, to bring the sports broadcasting element to it.\" Fox's current stake in Flutter is worth about $900 million, Tomsic said, and the company has an option through 2030 to take out an 18.6% stake in Flutter. Fox Corp. and Wall Street Journal parent <a href=\"https://laohu8.com/S/NWSAL\">News Corp</a> share common ownership. 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Tomsic says at the UBS Global Media and Communications conference that Fox is content with its role as an investor in Flutter, which owns FanDuel, and doesn't need to be operating a sports betting license on its own. \"We have enormous respect to what Flutter brings to the table in terms of sports betting prowess,\" he says. \"We're happy, as a sports business, to bring the sports broadcasting element to it.\" Fox's current stake in Flutter is worth about $900 million, Tomsic said, and the company has an option through 2030 to take out an 18.6% stake in Flutter. Fox Corp. and Wall Street Journal parent <a href=\"https://laohu8.com/S/NWSAL\">News Corp</a> share common ownership. (elias.schisgall@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  December 08, 2025 11:57 ET (16:57 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":"FOX","symbol_name":"福克斯-B","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2590357336","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2590357336","pubTimestamp":1765213020,"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":"1157 ET - Fox Chief Financial Officer Steve Tomsic says the media company is unlikely to venture back into the sports betting business anytime soon following the shuttering of Fox Bet in 2023. 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","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"FOX":"福克斯-B","BK4125":"广播","BK4588":"碎股","FOXA":"福克斯-A","BK4585":"ETF&股票定投概念"},"translate_title":"福克斯不打算进军体育博彩领域——市场传言","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"FOXA":0.9,"FOX":0.9},"content_text":"1157 ET - Fox Chief Financial Officer Steve Tomsic says the media company is unlikely to venture back into the sports betting business anytime soon following the shuttering of Fox Bet in 2023. Tomsic says at the UBS Global Media and Communications conference that Fox is content with its role as an investor in Flutter, which owns FanDuel, and doesn't need to be operating a sports betting license on its own. \"We have enormous respect to what Flutter brings to the table in terms of sports betting prowess,\" he says. \"We're happy, as a sports business, to bring the sports broadcasting element to it.\" Fox's current stake in Flutter is worth about $900 million, Tomsic said, and the company has an option through 2030 to take out an 18.6% stake in Flutter. Fox Corp. and Wall Street Journal parent News Corp share common ownership. (elias.schisgall@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  December 08, 2025 11:57 ET (16:57 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}