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Fox Buys One-Third Stake in IndyCar Series-Owner Penske
Fox Corp. acquired a one-third interest in Penske Entertainment, the owner of the IndyCar Series and Indianapolis Motor Speedway, the companies said Thursday. The deal also included a multi-year extension of IndyCar’s media rights with Fox Sports.
Penske Entertainment has sold a one-third interest in the company to Fox. The deal is described as a strategic investment to boost IndyCar’s growth. It includes a multi-year contract extension ...
The news of Fox Corporation’s purchase of a 33-percent stake in Penske Entertainment was warmly received in all corners of ...
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