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March 19, 2019, 4:58 p.m. EDT

Paul Ryan is now working at Fox

Fox Corp. started trading as a standalone company after spinning off its TV assets after the Disney acquisition

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By Associated Press


Reuters
Former speaker of the House Paul Ryan.

NEW YORK (AP) — Fox Corp. , the Fox assets that are not part of Disney’s $71.3 billion acquisition of Fox’s /quotes/zigman/130968429/composite FOX +0.97%   entertainment assets, began trading as a stand-alone company on Tuesday.

The New York company also appointed several people to its board of directors, including former Speaker of the House Paul Ryan and Chase Carey, a former executive Twenty-First Century Fox.

Disney’s acquisition of Fox assets is set to close around 12 a.m. EDT on Wednesday, more than a year after the mega deal was first proposed in December 2017.

Fox Corp. consists mainly of Fox Broadcasting, Fox Sports and Fox News. Disney /quotes/zigman/245568/composite DIS +1.28%   is acquiring the Fox movie business, including Twentieth Century Fox, Fox Searchlight Pictures and Fox 2000 as well as Twentieth Century Fox Television, FX Productions and Fox21, with shows including “The Simpsons” and “Modern Family.”

Fox Corp. is trading under “FOX” and “FOXA” on the Nasdaq Global Select Market. In morning trading, shares dipped $1 to $40.70.

/quotes/zigman/130968429/composite
US : U.S.: Nasdaq
$ 37.60
+0.36 +0.97%
Volume: 2.91M
April 23, 2019 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$23.27 billion
Rev. per Employee
N/A
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/quotes/zigman/245568/composite
US : U.S.: NYSE
$ 133.36
+1.68 +1.28%
Volume: 11.63M
April 23, 2019 4:02p
P/E Ratio
18.24
Dividend Yield
1.32%
Market Cap
$236.71 billion
Rev. per Employee
$295,532
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