Lachlan Murdoch Outlines Fox's Strategic Shift Toward Mergers and Acquisitions

CEO Lachlan Murdoch emphasizes focus on live sports and news, reveals plans for sports streaming service Venu and investment in sports betting firm FanDuel.

• Fox Corp. plans to leverage its strong balance sheet for mergers and acquisitions in the coming years.
• The company's strategy will prioritize live content in news and sports, avoiding entertainment pivots.
• Venu, Fox’s upcoming sports streaming service, is designed for cord-cutters and will not resemble traditional cable packages.
• An expedited court hearing is scheduled for the injunction delaying Venu's launch.
• Fox will exercise its option to acquire an 18.6% stake in sports betting platform FanDuel by 2030.

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