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News by FinTech Collective Archive

Fox Corp to buy majority stake in Credible Labs

Jacob Katz

August 6, 2019

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Jacob Katz

In a deal valued at $265m, Fox Corp has agreed to purchase a majority stake of Credible Labs, the San Francisco based marketplace for consumer-lending information.

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Credible “will benefit from our audience reach and scale, will drive strategic growth, further develop our brand verticals and deepen consumer relationships,” said Fox Chief Executive Lachlan Murdoch in a statement.

https://www.wsj.com/articles/fox-corp-strikes-deal-to-buy-majority-stake-in-credible-labs-for-265-million-11564957912

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