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Finance

Murdoch's News Corp to sell Foxtel to Britain's DAZN

Published by Global Banking & Finance Review

Posted on December 22, 2024

1 min read

· Last updated: January 27, 2026

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Rupert Murdoch's News Corp announces sale of Foxtel to DAZN - Global Banking & Finance Review — This image captures the announcement of News Corp's sale of Foxtel to DAZN for A$3.4 billion, highlighting significant developments in the finance sector.

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News Corp Sells Foxtel to DAZN in $2.13 Billion Deal

(Reuters) - Rupert Murdoch's News Corp said on Monday it would sell its Australian cable TV and streaming unit Foxtel to British over-the-top sports streaming and entertainment platform, DAZN for A$3.4 billion ($2.13 billion), including debt.

($1 = 1.5997 Australian dollars)

(Reporting by Rishav Chatterjee in Bengaluru; Editing by Jamie Freed)

Key Takeaways

News Corp is selling Foxtel to DAZN.
The deal is valued at A$3.4 billion.
This includes the assumption of debt.
DAZN is a British sports streaming platform.
The sale marks a strategic shift for News Corp.

Frequently Asked Questions

What is the main topic?

The main topic is News Corp's sale of Foxtel to DAZN for A$3.4 billion, including debt.

Who is buying Foxtel?

Foxtel is being bought by DAZN, a British sports streaming and entertainment platform.

What is the significance of this sale?

The sale signifies a major shift in the media landscape, with News Corp divesting its Australian cable TV unit.

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