U.S.-based consumer lender Credible Labs Inc said on Monday it had agreed to be ...
Under the terms of the deal, Credible Labs, listed on the Australian Stock Exchange, said its shareholders will receive A$2.21 in cash per CHESS depository interest , which represents A$55.25 per share of common stock in Credible.Credible provides and refinances student and personal loans, supplying information that allows individuals to compare and choose between different pre-qualified rates and options.
Fox CEO and Executive Chairman Lachlan Murdoch said in a separate announcement that the acquisition has “tremendous synergy” with FOX Business and FOX Television Stations, as Credible would benefit from access to the broadcast and entertainment giant’s huge audience. As part of the agreement, Credible founder and Chief Executive Officer Stephen Dash will exchange shares equal to one-third of Credible’s outstanding common stock into units of a newly created Fox subsidiary, Credible said.
Credible’s board said it unanimously backs the proposal to shareholders, which is subject to certain approvals from the ASX.
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Fox Corporation Enters Agreement To Acquire Majority Stake In Credible LabsFox Corporation has entered a definitive merger agreement to acquire a majority stake in Credible Labs Inc., a leading consumer finance marketplace in the country. Fox is looking to buy 67% of the …
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Fox Corp. to Buy $265 Million Majority Stake in Credible LabsFox Corporation has entered into an agreement to buy a majority stake in the consumer finance marketplace Credible Labs Inc., the company announced Sunday. As part of the merger agreement, Fox Corp…
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Fox Corp. to Buy Majority Stake in Credible Labs for $265 Million as Part of Digital StrategyFox Corp. will buy 67 percent of the company and commit up to $75 million of growth capital over the next two years.
Lire la suite »
Fox Corporation Enters Agreement To Acquire Majority Stake In Credible LabsFox Corporation has entered a definitive merger agreement to acquire a majority stake in Credible Labs Inc., a leading consumer finance marketplace in the country. Fox is looking to buy 67% of the …
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