Fox Corporation Announces Public Offering of Class B Common Stock by Trusts for Prudence MacLeod, Elisabeth Murdoch, and James Murdoch
Fox Corporation has announced that trusts established for the benefit of Prudence MacLeod, Elisabeth Murdoch, and James Murdoch and their respective descendants and charitable organizations plan to offer 16,926,837 shares of FOX's Class B common stock in an underwritten public offering. The Selling Stockholders will receive all proceeds from the Offering, with the Company not selling any shares or receiving any proceeds. Morgan Stanley is the sole underwriter for the Offering, which will be made through an effective registration statement and prospectus. Interested investors should review the prospectus and related documents filed with the SEC for more information. This press release does not constitute an offer to sell securities in any state or jurisdiction where it would be unlawful.
Fox Corporation is a leading producer and distributor of news, sports, and entertainment content through its iconic brands like FOX News Media, FOX Sports, Tubi Media Group, FOX Entertainment, and FOX Television Stations. The company's diverse portfolio allows it to engage audiences, build consumer relationships, and offer compelling products. Fox Corporation's success in the industry drives its strategy to leverage existing strengths and invest in new initiatives. For more information about Fox Corporation, visit their website.
This press release contains forward-looking statements that are subject to uncertainty and changes in circumstances. Actual results may differ from the statements due to various factors affecting the Company's businesses. Investors are advised to review the Company's filings with the SEC for more detailed information on these factors. The statements in this press release are current as of the date of publication, and the Company does not commit to updating or revising any forward-looking statements unless required by law.