News Details
Fox buys 33% of Penske Entertainment, extends IndyCar deal
Fox Corporation has purchased a 33% equity stake in Penske Entertainment, the parent company of IndyCar and Indianapolis Motor Speedway, in a deal reportedly worth between $125-135 million. The agreement also includes an extended broadcast partnership between Fox and IndyCar, further deepening the network's commitment to U.S. open-wheel racing. The deal, first revealed by The Wall Street Journal, underscores IndyCar’s…
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