May 8 (Reuters) - Fox Corp FOXA.O :
* STARS GROUP INC - CO AND FOX SPORTS, A UNIT OF FOX CORP ANNOUNCED PLANS TO LAUNCH FOX BET
* STARS GROUP INC - STARS GROUP AND FOX SPORTS EXPECT TO LAUNCH TWO PRODUCTS IN FALL OF 2019 UNDER FOX BET UMBRELLA
* STARS GROUP - FOX CORP TO ACQUIRE 14.4 MILLION NEWLY ISSUED COMMON SHARES IN CO, REPRESENTING 4.99% OF CO'S ISSUED & OUTSTANDING COMMON SHARES, AT $16.4408/SHARE
* STARS GROUP - INTENDS TO USE NET PROCEEDS OF ABOUT $236 MILLION FOR GENERAL CORPORATE PURPOSES, TO PREPAY OUTSTANDING INDEBTEDNESS ON FIRST LIEN TERM LOANS
* STARS GROUP INC - AS PART OF TRANSACTION, FOX SPORTS WILL RECEIVE CERTAIN BRAND LICENSE, INTEGRATION AND AFFILIATE FEES
* STARS GROUP - DURING TERM OF COMMERCIAL AGREEMENT, STARS GROUP HAS AGREED TO A MINIMUM ANNUAL ADVERTISING COMMITMENT ON CERTAIN FOX MEDIA ASSETS
* STARS GROUP - BEFORE 10TH ANNIVERSARY OF AGREEMENT, UNDER SOME CONDITIONS FOX SPORTS HAS RIGHT ACQUIRE UPTO 50% EQUITY STAKE IN CO'S U.S. BUSINESS