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February 9, 2016 09:46 pm GMT
Twenty-First Century Fox, which invested $160M in DraftKings over the summer, has written down the investment by about 60 percent, according to its 10-Q filed today. Specifically, Fox noted that “based on information concerning DraftKings’ current valuation in a recent financing transaction, the Company determined that a portion of its investment in DraftKings was impaired and… Read More
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/dG4TSJhuOPg/
Fox Marks Down Its DraftKings Investment By 60 Percent
Twenty-First Century Fox, which invested $160M in DraftKings over the summer, has written down the investment by about 60 percent, according to its 10-Q filed today. Specifically, Fox noted that “based on information concerning DraftKings’ current valuation in a recent financing transaction, the Company determined that a portion of its investment in DraftKings was impaired and… Read MoreOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/dG4TSJhuOPg/
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