Fox Inks $725 Million Deal with National Geographic

MarketWatch: 21st Century Fox and the National Geographic Society have announced a new joint venture combining National Geographic television channels with Fox’s other media. Fox and the nonprofit National Geographic have been in partnership for 18 years, through which the companies have operated National Geographic TV channels. The transaction, expected to close later this year, is valued at $725 million. Fox will own 73% of the entity.