New Fox is bearing all the hallmarks of the old fox. jennifersaba
Fox began trading on March 19 as a news and sports company after selling its entertainment and international assets to Walt Disney for $71 billion. That deal is expected to close on March 20.
Fox also announced the appointment of four people to its board of directors: former U.S. House Speaker Paul Ryan, Formula One Chairman and Chief Executive Chase Carey, Aragon Global founder Anne Dias, and Hernandez Media Ventures CEO Roland Hernandez. Additionally, Fox adopted a poison-pill provision for one year. Each Class A and Class B stakeholder will receive one right for each outstanding share. The rights will become exercisable only if a person or group obtains beneficial ownership of 15 percent or more of Class B common stock or 15 percent or more of the common stock outstanding.
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