Murdoch’s News Corp to sell Australian unit Foxtel to Britain’s DAZN for $2 billion
Rupert Murdoch’s News Corp has agreed to sell its Australian cable TV unit Foxtel to British-owned sports network DAZN for 3.4 billion Australian dollars ($2.1 billion) including debt, cutting the media empire’s exposure to a business upended by streaming platforms.
The stock's fall snapped a three-day winning streak.
The Foxtel Group is owned 65 percent by News Corp. and 35 percent by Telstra. By Kimberly Nordyke Managing Editor, Digital News Corp. and Australian telecom film Telstra have struck a deal to sell ...
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