News Corp confirms Foxtel sale

December 23, 2024 11:43

After weeks of speculation, News Corp has confirmed the sale of Foxtel Group to UK-based sports streaming platform, DAZN.

Announced on Monday, the $3.4 billion deal will be finalised in the second half of 2025, and will see News Corp hold a minority equity interest in DAZN of approximately 6%, as well as one seat on its Board of Directors.

Under News Corp’s management, Foxtel strengthened itself as a digital and streaming leader in sports and entertainment. With DAZN’s global reach, technology, and broad content portfolio, the proposed transaction is described to bolster Foxtel’s position even more.

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Lauren McNamara

Lauren McNamara is a freelance journalist. She previously spent three years at Mumbrella, most recently as the associate editor. She left her staff role in August 2025.

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1 COMMENTS

Cameron Bueller 23 Dec 24

Gobsmacking deal. I wouldn’t buy Foxtel even if I had that much money loose down the back of my lounge. DAZN must have some very particular plans for it because, as a straight business play, I reckon it’s a dog with fleas.

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