DAZN Buys Foxtel Group in $2.2 Billion Deal With News Corp
Dec 22, 2024 · Sports streaming company DAZN is buying Australia’s Foxtel Group from majority shareholder News Corp and minority shareholder Telstra in a deal with an enterprise value of $2.2 billion.
Foxtel had a pay TV monopoly, now it's been sold to DAZN
Dec 23, 2024 · Sports streaming service DAZN will become Foxtel's new owner in a deal worth $3.4 billion. In its heyday Foxtel was one of Australia's most profitable media companies, reaching nearly one in every three households across the country. It began in 1995 as a partnership between Telstra and News Corp.
Murdoch’s News Corp to sell Australian unit Foxtel to Britain’s …
Dec 23, 2024 · Rupert Murdoch’s News Corp has agreed to sell its Australian cable TV unit Foxtel to British-owned sports network DAZN for 3.4 billion Australian dollars ($2.1 billion) including debt, cutting...
DAZN Acquires Foxtel From Murdoch's News Corp In $2.2 Billion …
Dec 22, 2024 · Sports streaming platform DAZN has acquired Australian broadband company Foxtel Group from majority shareholder, Rupert Murdoph’s News Corp, and minority shareholder, Telstra, in a deal valued ...
What happens to Sky News Australia now Foxtel has been sold?
1 day ago · A Foxtel spokesperson told Crikey that “Sky News Australia remains 100% owned by News Corp Australia, a subsidiary of News Corp, and is not part of the proposed sale. It will continue as an ...
News Corp is looking to sell off pay TV and streaming service Foxtel ...
Aug 9, 2024 · Local pay television platform Foxtel is up for sale, News Corp global chief executive Robert Thomson has revealed after the company delivered its full-year earnings results.
News Corp sells Foxtel to DAZN in $3.4 billion deal
News Corp has announced a landmark agreement to sell Foxtel Group, including Kayo and Binge, to global sports streaming platform DAZN in a deal worth $3.4 billion.
Rupert Murdoch's News Corp to sell Foxtel to Britain's DAZN for …
Dec 23, 2024 · SYDNEY (Reuters) -News Corp has agreed to sell its Australian cable-TV unit Foxtel to British-owned sports network DAZN for A$3.4 billion ($2.1 billion) including debt, cutting the...
News Corp & Telstra Agree To Sell Foxtel To DAZN In $3.4 Billion …
Dec 23, 2024 · DAZN has agreed to buy Foxtel from News Corp and Telstra in a deal valued at $3.4 billion. Under terms of the agreement, Foxtel and its streaming businesses Kayo Sports and Binge will continue to ...
News Corp sells Foxtel in landmark $3.4 billion deal
Dec 23, 2024 · DAZN will acquire Foxtel, along with its streaming platforms Kayo and Binge, for $3.4 billion, pending regulatory approval. The acquisition is backed by British-Ukrainian billionaire Len Blavatnik. Foxtel CEO Patrick Delany will remain in his role under the new ownership structure and focus on expanding the platform’s global reach.