Fox Corporation acquires Red Seat Ventures to expand its digital media and podcast offerings

Feb 10, 2025•6 months ago

Acquiring Company

Fox Corporation

Acquired Company

Red Seat Ventures

New York

New YorkNewsMedia And EntertainmentInformation Technology

Description

Fox Corporation has announced the acquisition of Red Seat Ventures, a digital media services provider known for working with creators to build their own digital media and direct-to-consumer businesses. The acquisition aims to bolster Fox's digital media and podcast offerings, providing opportunities for cross-platform programming and expansion into genres such as sports, news, and entertainment.

Company Information

Company

Fox Corporation

Location

New York, New York, United States

About

Fox Corporation is a global media and entertainment company focusing on television broadcasting, sports, and news. It aims to expand its footprint in the sports betting industry with the strategic acquisition of a stake in FanDuel to integrate sports betting more deeply into its media platforms.

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M&A Insights

Based on deal data

Integration timeline

70% of M&A integrations take 12-24 months to complete

Tech stack consolidation

83% of merged companies consolidate technology vendors within first year

Post-acquisition investment

Companies increase IT spending by 23% on average after acquisitions

Success factor

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