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News Corp. Closes $2.1 Billion Foxtel Sale to DAZN Group

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The Dow Jones and Wall Street Journal owner will take a 6% stake in UK-based sports streamer as part of the deal
News Corp has finalized the sale of its 65% stake in Foxtel, an Australian pay-TV company, to the DAZN Group, a global sports streaming service, for $750 million. This transaction, announced on March 2, 2023, marks the end of News Corp's ownership in Foxtel, which it co-owned with Telstra. The sale aligns with DAZN's strategy to expand its sports streaming offerings and strengthen its presence in the Australian market, while News Corp aims to focus on its core businesses and reduce debt.

Read the Full TheWrap Article at:
[ https://www.thewrap.com/news-corp-closes-foxtel-sale-dazn-group/ ]