Deals
Fox-Apollo TV Merger Joins ‘Idol’ With ‘Biggest Loser’
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Rupert Murdoch’s 21st Century Fox Inc. plans to form a TV-production venture with Apollo Global Management LLC, combining the companies that make “American Idol” and “The Biggest Loser.”
Fox, the New York-based media company, and funds affiliated with Apollo, the private-equity group led by Leon Black, reached a preliminary accord to own and manage the venture, the parties said in a statement today.