Reported about 12 hours ago
News Corp has agreed to sell its Australian cable unit Foxtel to British sports network DAZN for approximately A$3.4 billion ($2 billion), aiming to reduce its exposure to declining subscription revenues due to streaming competition. The deal, set to be finalized in 2025 pending regulatory approval, will see News Corp retain a 6% stake in DAZN and a board seat, while opening up the Australian market for DAZN's competitive sports streaming services.
Source: YAHOO