Fox Corp (NASDAQ:FOXA) will be more aggressive in looking for acquisition targets after deciding to cancel its proposed merger with News Corp

Fox Corp (NASDAQ:FOXA) will be more aggressive in looking for acquisition targets after deciding to cancel its proposed merger with News Corp
Fox Corp (NASDAQ:FOXA) executive chairman and CEO Lacklan Murdoch said the media company would be more aggressive in looking for acquisition targets following its decision to cancel plans to remerge with News Corp. Lachlan Murdoch said on a conference call with Wall Street analysts to discuss Fox’s quarterly results, “We’re definitely looking at something.” M&A will be a more important part of our toolbox. He said Fox has about $4 billion in cash, making the company well-prepared to “seize opportunities as they arise.” ”