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Credible Labs shareholders approve Fox Corp. deal

Credible Labs Inc. shareholders "overwhelmingly" approved Fox Corp.'s planned acquisition of a 67% stake in the consumer finance marketplace operator for about $265 million, according to an Oct. 14 news release.

The transaction is now expected to be completed promptly after gaining majority support from Credible Labs stockholders as well as shareholders other than company founder and CEO Stephen Dash and his affiliates. The deal remains subject to regulatory clearances and other customary closing conditions.

The Fox Corp./Credible Labs deal earlier secured the early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976.