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Murdoch's Fox Corp plans to buy Credible Labs for $397 million

Fox Corp in U.S. agreed with Credible Labs Inc on Monday on a bargain worth $397 million, as the Murdoch-subordinated company tends to grow after the recent assets sale to Disney.

fox to buy credible labs 050819Photo: Reuters

In a rapidly developing media environment, Credible Labs, listed on the Aussie Stock Exchange, as it was an Australian startup once, makes Fox a point to an online service provider fully matching investors search to cover the $1.6 trillion a year U.S. mortgage market.

Credible’s as a platform with online services maintains credit checks to borrowers, which search for different financial services, using this information to show them the variants of refinancing that are available to use. 

The fintech company related also to FOX Business and FOX Television businesses, moreover planning to join its other branches, according to Fox information, helping thus to boost both companies.

Murdoch’s Fox Corp company was listed in March after a $71 billion sale of XXI-st Century Fox film and TV assets to Walt Disney. The smaller firm now is relying on live cable sport and news in a highly competitive media market.

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