Moody's places Twenty-First Century Fox's Baa1 credit ratings on review for downgrade
New York, December 12, 2016-- Moody's Investors Service placed Twenty-First Century Fox, Inc.' s, subsidiary, 21st Century Fox America, Inc.' s Baa1 senior unsecured long-term debt rating on review for downgrade. The review follows Fox's announcement that it has reached an agreement in principle in relation to a possible offer to acquire the 60.9% of Sky plc it does not already own at a price of GBP10.75 per share payable in cash less the value of any dividends subsequently paid by Sky.
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