Twenty-first Century Fox acquisitions, on the record

Word for word“On November 12, 2014, the Company sold its 100% and 57% ownership stakes in Sky Italia and Sky Deutschland AG (“Sky Deutschland”), respectively, to British Sky Broadcasting Group plc (subsequently renamed Sky plc (“Sky”)) for approximately $8.8 billion in value comprised of approximately $8.2 billion in cash received, net of $650 million of cash paid to acquire Sky’s 21% interest in NGC Network International LLC (“NGCI”) and NGC Network Latin America LLC (“NGCLA” and together with NGCI, “NGC International”), increasing the Company’s ownership stake in NGC International to 73%.” 10-K for 2016

Word for word“For fiscal 2016, revenues related to the publishing, travel and certain other businesses (the “NGS Media Business”) acquired in November 2015 from the National Geographic Society (See Note 3 – Acquisitions, Disposals and Other Transactions to the accompanying Consolidated Financial Statements of Twenty-First Century Fox under the heading “National Geographic Partners”) were approximately $230 million.” 10-K for 2016

Word for word“In December 2015, STAR India acquired the broadcast business of MAA Television Network Limited and launched four Telugu language entertainment channels: MAA, MAA Movies, MAA Gold and MAA Music.” 10-K for 2016

Word for word“Selling, general and administrative expenses increased approximately $150 million for fiscal 2016, as compared to fiscal 2015, primarily due to the effect of the acquisitions of the NGS Media Business in November 2015 and trueX media inc. in February 2015 and higher personnel costs.” 10-K for 2016

Word for word“The increase in affiliate fee revenue was primarily attributable to higher average rates per subscriber across most channels and the 41 effect of the acquisition of the majority interest in the YES Network in February 2014.” 10-K for 2016

Word for word“Operating expenses decreased 8% for fiscal 2016, as compared to fiscal 2015, primarily due to the sale of the DBS businesses in November 2014 and Shine Group in December 2014 partially offset by higher operating expenses at the Cable Network Programming and Television segments.” 10-K for 2016

Word for word“In December 2016, the Company announced it reached agreement with Sky plc (“Sky”), in which the Company currently has an approximate 39% interest, on the terms of a recommended pre-conditional cash offer by the Company for the fully diluted share capital of Sky which the Company does not already own, at a price of £10.75 per Sky share (approximately $15 billion in the aggregate) (the “Sky Acquisition”).” 10-K for 2017

Word for word“In fiscal 2014, the Company acquired an additional 31% interest in the Yankees Entertainment and Sports Network (the “YES Network”), increasing the Company’s ownership interest to an 80% controlling interest, for approximately $680 million, net of cash acquired.” 10-K for 2017

Word for word“In May 2018, the Company entered into a definitive agreement (the “Purchase Agreement”) with Sinclair Broadcast Group, Inc. (“Sinclair”) and Tribune Media Company (“Tribune”) to acquire seven television stations from Tribune for approximately $910 million subject to certain purchase price adjustments.” 10-K for 2018