US EditionRupert Murdoch’s News Corp Completes Foxtel Group Sale to DAZN
- Rupert Murdoch's News Corporation has completed the $2.1 billion sale of Foxtel to DAZN Group after receiving necessary regulatory approvals.
- DAZN CEO Shay Segev described the acquisition as a significant milestone for DAZN as it expands into Australia, a key sports market.
- Foxtel employees are credited for their contribution to the company’s transformation into a leading provider of sports and entertainment, according to News Corp CEO Robert Thomson.
- The transaction is expected to enhance News Corp's financial stability and focus on core growth areas.
16 Articles
16 Articles
News Corp. Closes $2.1 Billion Foxtel Sale to DAZN Group
Rupert Murdoch’s News Corporation has completed its $2.1 billion sale of Australian pay TV operator Foxtel to DAZN Group. The deal, which received approval from the Foreign Investment Review Board, the Australian Competition and Consumer Commission and other regulatory authorities, will see the Wall Street Journal and Dow Jones owner will take a 6% stake in the U.K.-based sports streamer. News Corp. senior vice president and deputy chief financi…
Rupert Murdoch’s News Corp Completes Foxtel Group Sale to DAZN
News Corp said Wednesday it has finalized the sale of Australian pay-TV operator Foxtel Group to global sports streaming provider DAZN. It was revealed in December 2024 that DAZN was buying Foxtel Group from majority shareholder News Corp and minority shareholder Telstra in a deal with an enterprise value of $2.2 billion. The transaction, which […]
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