Credible Labs Inc. secured the early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 in relation to the company's proposed acquisition by Fox Corp.
The early termination of the waiting period satisfies one of the conditions to the deal's completion, according to a statement.
Fox Corp. agreed to acquire a 67% stake in Credible Labs, a U.S.-based consumer finance marketplace operator, for about $265 million.
The transaction remains subject to other customary closing conditions, including a majority vote of all Credible Labs shareholders. The company in September will provide further details on the merger in a notice of shareholders' meeting, with the vote on the deal expected in October.
