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PlanetF1 on MSNFOX buys $125m stake in IndyCar amid F1 broadcast rights battle
As Formula 1's US broadcast rights battle heats up, FOX purchased one-third of the company that owns the IndyCar Series.
Fox Corporation recently announced the acquisition of an interest in Penske Entertainment, which previously solely owned the NTT series.
Gray anticipates transactions closing in the fourth quarter of this year following receipt of regulatory approval and other customary conditions.
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