Simpson Thacher is representing Twenty-First Century Fox (NASDAQ: FOXA, FOX) in connection with the financing related to the spin-off of its news and sports businesses. The spin-off is a part of 21st Century Fox’s $52.4 billion sale of its film and television studios, and its cable and international TV assets to Disney. 21st Century Fox intends to spin off a portfolio of its news, sports and broadcast businesses to create a new “Fox,” which will be a growth company centered on live news and sports brands.
21st Century Fox is a leading diversified global media and entertainment company that operates cable networks, in television and in filmed entertainment.
The Simpson Thacher team for the transaction includes Patrick Ryan, Joe Kaufman, Jonathan Ozner, Matthew Farrell and Bassam Chain (Corporate).