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Will a FanDuel and Fox Partnership Be a Sports Betting Powerhouse?

·4 min read
Will a FanDuel and Fox Partnership Be a Sports Betting Powerhouse?

Fox (NASDAQ: FOX)(NASDAQ: FOXA) is arguably best known for its news business, but its sports network has a big following, too. Fox's recent sports history is a bit messy and convoluted, but it's important to understand what's at stake. Following Fox's media assets sale to Disney in 2019, as a condition of the acquisition, Disney sold the Fox regional sports networks (RSNs) it acquired to Sinclair Broadcast Group.