News Corp Sells Foxtel to DAZN for A$3.4 Billion Amid Streaming Challenges
A$3.4 billion $2.1 billion, including debt, News Corp has agreed to sell its Australian cableTV division, Foxtel, to British sports network DAZN as pa
A$3.4 billion $2.1 billion, including debt, News Corp has agreed to sell its Australian cableTV division, Foxtel, to British sports network DAZN as part of a plan to adjust to the difficulties presented by streaming services. The agreement gives DAZN the streaming rights to the Australian Football League and National Rugby League, while News Corp keeps a 6% ownership in DAZN and gets a seat on the board. Due to its struggles with dwindling income and growing sports broadcasting costs, Foxtel has shifted to streaming services. News Corps concentration on its primary business activities, including publishing and digital real estate, is evident in this deal. In the latter part of 2025, the agreement is anticipated to close.
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B2B Tech News | 1 months ago