Fox Corporation: Completes Acquisition of 67% of Equity of Credible Labs

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Fox Corporation: Completes Acquisition of 67% of Equity of Credible Labs

  • Fox Corporation produces and distributes compelling news, sports and entertainment content through its iconic domestic brands
  • Therefore shares of Credible suspended from trading on the Australian Stock Exchange (ASX) on October 16, 2019
  • Therefore completion of the transaction follows the satisfaction of all customary closing conditions
  • Each Credible CDI holder of record at closing entitled to receive A$2.21 in cash per CDI
  • Therefore each holder of common stock in Credible of record at closing entitled to receive A$55.25 per share
  • Credible a U.S. company based in San Francisco which operates a consumer finance marketplace that helps consumers save money