Media mogul Rupert Murdoch’s News Corp has sold its Australian pay-television and streaming service Foxtel Group to sports platform DAZN Group Ltd. The A$3.4 billion ($2.1 billion) deal resolves the uncertainty surrounding Foxtel’s future, which had raised concerns among investors for years. Backed by billionaire Len Blavatnik, DAZN will now take ownership of the Australian pay-TV unit, marking a significant shift in Murdoch’s business portfolio.
Source: https://www.bloomberg.com/news/articles/2024-12-22/news-corp-agrees-to-sell-foxtel-to-dazn-in-a-3-4-billion-deal