Fox Networks Group has added more arsenal on its corp dev/M&A side: it has appointed Erik Moreno as its new SVP, reporting to Mike Lang, the EVP of the corp dev unit. In his new position, Moreno will look at "strategic opportunities across Fox Entertainment as well as work on acquisitions, joint ventures, and other related opportunities that could include News Corporation (NYSE: NWS) units," the company said. The group has been involved with major digital media deals the company has done: MySpace and IGN acquisitions, Big Ten Channel, Jamba mobile joint venture, Hulu and most recently the MySpace Music joint venture with the major music labels.
Moreno will be based in Los Angeles and report to Lang. He joins FNG after having served as Director of Corporate Development with eBay (NSDQ: EBAY) since 2006. Prior to working at eBay, Moreno served as VP in Corporate Development and Strategy at Level 3 Communications.
By Rafat Ali