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Fox Corporation to enter the American online sportsbetting market
American television broadcasting giant, Fox Corporation, has reportedly agreed a deal that is to see it spend around $236 million in order to acquire a 4.99% stake in prominent online casino and sportsbetting operator, The Stars Group Incorporated.
Company funds:
According to a Wednesday report from the Bloomberg news service, the agreement was revealed by Rafi Ashkenazi, Chief Executive Officer for Toronto-headquartered, Stars Group, and comes after Fox made $71 billion in March by selling off a substantial share of its business to The Walt Disney Company.
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