Fox Corp. Buys One-Third Stake in Penske Entertainment for $125 Million

The Wrap
By Sean BurchJul 31, 2025, 10:44 am101 pts
Fox Corp. on Thursday acquired one-third of Penske Entertainment, the subsidiary of Penske Corporation that owns the IndyCar series and the Indianapolis Motor Speedway. Terms of the agreement were not shared by either company, but The Wall Street Journal reported the deal was worth between $125 million and $135…

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