Fox does not intend to bid for any regional sports networks Disney may sell

In a regulatory filing, Fox Corporation, a wholly-owned subsidiary of Twenty-First Century Fox (FOXA), disclosed that it intends to commence preliminary discussions with investors in connection with a potential financing consisting of senior unsecured notes. The net proceeds of the notes offering will be principally used to partially fund the dividend payment to the company in the amount of $8.5B in accordance with the amended and restated agreement and plan of merger with Disney (DIS). In connection with these preliminary discussions, Fox confirms that it does not intend to bid for any of the Fox regional sports networks that Disney, or any entity operating on its behalf, may sell as required by the consent decree with the U.S. Department of Justice, the filing stated.

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