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BRIEF-Fox Corp To Acquire Credible Labs Inc

Published 05/08/2019, 09:14 am
Updated 05/08/2019, 09:20 am
© Reuters.  BRIEF-Fox Corp To Acquire Credible Labs Inc
FOXA
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Aug 4 (Reuters) - Fox Corp FOXA.O :

* ORATION TO ACQUIRE CREDIBLE LABS INC., A LEADING U.S. CONSUMER FINANCE MARKETPLACE

* FOLLOWING EQUITY PURCHASE OF ABOUT $265 MILLION, CO TO COMMIT UP TO $75 MILLION OF GROWTH CAPITAL TO CREDIBLE OVER APPROXIMATELY TWO YEARS

* STEPHEN DASH WILL CONTINUE TO SERVE AS CEO OF CREDIBLE

* CREDIBLE CEO STEPHEN DASH TO EXCHANGE SHARES EQUAL TO 33% OF CREDIBLE'S OUTSTANDING COMMON STOCK INTO UNITS OF NEWLY CREATED FOX SUBSIDIARY

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