Foxtel sale inches closer as potential buyer taps Bank of America

Nathan Jolly

December 11, 2024 8:42

UK-based sports streaming platform, DAZN, has tapped the Bank of America as an advisor, as it looks to buy News Corp’s majority stake in Foxtel.

This is according to the AFR, which reports the streamer “is working with BofA’s telecommunications and media team on a potential deal” for News Corp’s 65% share in the subscription TV company, although the publication notes that no deal is guaranteed.

DAZN launched in 2015 and is owned by Access Industries, an investment group founded by billionaire Sir Len Blavatnik. The sports streamer boasts 20 million subscribers across 200 countries – with the rights to over 75 different sporting competitions.

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Nathan Jolly

Nathan Jolly is the Features Editor at Mumbrella. He joined the team in July, 2023.