Nov 1, 2018

Lachlan Murdoch says "New Fox" will expand through acquisitions

Lachlan Murdoch, co-chairman of 21st Century Fox,

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."
ā€” 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.

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