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21st Century Fox completes spinoff of broadcast and cable assets in preparation for Wednesday’s acquisition by Disney
Twenty-First Century Fox, Inc. (“21CF”) announced that it has today completed the distribution of all issued and outstanding shares of Fox Corporation (“FOX”) common stock to 21CF stockholders (other than holders of the shares held by subsidiaries of 21CF) on a pro rata basis. 21CF and FOX are now each a standalone, publicly traded company. FOX Class A common stock and FOX Class B common stock are now listed on the Nasdaq Global Select Market under the symbols “FOXA” and “FOX,” respectively. 21CF Class A common stock and 21CF Class B common stock, which were formerly listed on Nasdaq under the symbols “FOXA” and “FOX,” respectively, are now listed on Nasdaq under the symbols “TFCFA” and “TFCF,” respectively.
The following business units remain with Twenty-First Century Fox: 21st Century Fox’s film production businesses, including Twentieth Century Fox, Fox Searchlight Pictures and Fox 2000 Pictures; Fox‘s television creative units, Twentieth Century Fox Television, FX Productions and Fox21; FX Networks; National Geographic Partners; Fox Sports Regional Networks; Fox Networks Group International; Star India; and Fox’s interests in Hulu, Sky plc, and Tata Sky.
Transitioning to the spinoff Fox Corporation are: the Fox Broadcasting network and stations, Fox News Channel, Fox Business Network, FS1, FS2 and Big Ten Network
The Walt Disney Company’s acquisition of 21CF will become effective at 12:02 a.m. Eastern Time tomorrow, March 20, 2019.
IMAGE: “The Simpsons” Episode: “When You Dish Upon a Star” Air date: November 8, 1998. Copyright 21st Century Fox (or Disney, depending on when you read this).
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