Nov 1, 2018
Lachlan Murdoch says "New Fox" will expand through acquisitions
- Courtenay Brown, author of Axios Macro
Lachlan Murdoch, co-chairman of 21st Century Fox. Photo: Drew Angerer via Getty Images
Speaking at the New York Times DealBook conference on Thursday, Lachlan Murdoch, executive chairman of 21st Century Fox, said the slimmed down "New Fox" will be buying more assets.
"We will buy other things ... we will be acquisitive. We intend to grow the business."— Lachlan Murdoch, 21st Century Fox Executive Chairman
The context: Disney agreed to acquire 21st Century Fox's entertainment assets earlier this year. What's left of the company, "New Fox," is focused on live sports and news.