FOX Corporation acquires one-third stake in IndyCar owner Penske Entertainment

FOX Corporation has acquired a one-third ownership stake in Penske Entertainment, the parent company of IndyCar and the iconic Indianapolis Motor Speedway. Financial terms were not disclosed.
The announcement, made jointly on Thursday by Penske Entertainment and FOX, marks a significant investment in the continued growth of the IndyCar Series and coincides with a multi-year extension of ...Keep reading