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Fox buys stake in IndyCar owner Penske Entertainment

Roger Penske sells a third of Indianapolis Motor Speedway and IndyCar to Fox

Penske Entertainment, the Roger Penske-owned entity that holds Indianapolis Motor Speedway and IndyCar among its assets, said Thursday it has sold one-third interest in the company to FOX. The sale was described as a strategic investment and partnership designed to launch new growth for IndyCar and it includes a multi-year contract extension for Fox Sports' media rights deal with the open-wheel series.

Indianapolis Star on MSN · 2h

Fox buying significant stake in IndyCar series owner Penske Entertainment

IndyCar TV partner Fox is buying a stake in Penske Entertainment, which own the series, as well as IMS and IMS Productions.

Hollywood Reporter on MSN · 1h

Fox Buys Major Stake in Penske Entertainment, Extending Indycar Rights Deal

The media company will acquire one third of the company, which owns Indycar and the Indianapolis Motor Speedway, while extending its media rights deal.

Sportskeeda8h

"Death of the sport": IndyCar faces backlash as FOX buys $135M stake in Roger Penske-owned series

FOX Corporation has bought a one-third stake in IndyCar and Indianapolis Motor Speedway's parent company, Penske ...

40mon MSN

Roger Penske Sells One-Third of IndyCar, Indianapolis Motor Speedway to FOX

FOX Corporation is going all-in on the NTT IndyCar Series and the Indianapolis Motor Speedway. Today, Penske Entertainment ...

22h

What's Going On With Penske Automotive Stock Today?

Penske Automotive beat Q2 earnings estimates but missed on revenue, while gross margins and service profits hit record highs.

EssentiallySports on MSN4d

Larson Forced to Abandon Penske After $200M Betrayal

In a sport known for its billion-dollar corporations, NASCAR’s legends often come from the humblest of beginnings. The post Kyle Larson Forever Indebted to Roger Penske After Seeing The Billionaire's ...

Investing.com South Africa1d

Penske Automotive tops Q2 earnings estimates as service revenue rises

Penske’s retail commercial truck business saw a 2% increase in unit sales and a 6% rise in revenue to $943.6 million. The company’s investment in Penske Transportation Solutions contributed $53.5 ...