Reported 2 days ago
News Corp and Telstra have sold their stake in the Foxtel subscription TV and streaming service to DAZN Group for A$3.4 billion (US$2.12 billion). The deal includes the repayment of A$360 million in shareholder loans and grants News Corp a 6% stake in DAZN along with a board seat, allowing the company to refocus on its core growth areas.
Source: YAHOO