The Walt Disney Company’s acquisition of 21st Century Fox will become official early Wednesday morning, with Fox News becoming a key part of the newly created Fox Corporation.
Fox Sports and Fox Broadcasting join Fox News as assets that will help make up Fox Corporation — which is officially a stand-alone, publicly traded company. It will begin trading on NASDAQ under the FOXA and FOX symbols. The company announced that former House Speaker Paul Ryan will join its board alongside Jacques Nasser and controlling shareholders founder Rupert Murdoch and CEO and chairman Lachlan Murdoch.
Aragon Global Holdings founder Anne Dias, Media Ventures CEO Roland Hernandez and Formula 1 chairman Chase Carey have also been appointed to the Fox Corp. board.
“We are thrilled to welcome our new colleagues to the Fox board,” Lachlan Murdoch said in a statement. “We look forward to working with and being guided by them as we begin a new chapter, steadfastly committed to providing the best in news, sports and entertainment programming.”
Lachlan Murdoch is expected to address employees at a town hall event on Thursday.
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