Foxtel sale may be announced before Christmas

Nathan Jolly

December 20, 2024 8:48

News Corp is finalising a sale for its majority stake in Foxtel, with reports suggesting that the deal may be announced to the ASX early next week.

UK-based sports streaming platform, DAZN, has been in talks with News Corp for months over a potential sale, according to numerous sources.

Earlier this month, the AFR reported DAZN had tapped the Bank of America’s telecommunications and media team to advise a potential bid for News Corp’s 65% share in the subscription TV company. DAZN chief, Shay Segev, was spotted in Australia last week, fuelling speculation a deal was imminent.

Be a member to keep reading

Join Mumbrella Pro to access the Mumbrella archive and read our premium analysis of everything under the media and marketing umbrella.

Become a member

Nathan Jolly

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

Topics

2 COMMENTS

Janine 21 Dec 24

You have just reminded me on how costly Foxtel is and I need to down scale so I’m going to check out plans now cause having Netflix and Stan which are so much cheaper. I have been with this since it was Galaxy so 30 odd years and you get no rewards as such it’s way to expensive.

User ID not verified.

Anonymous 22 Dec 24

I would like foxtel it’s just too expensive in todays climate good and rent before tv. Whoever ends up with Foxtel don’t price it out of the market .

User ID not verified.