News Corp looks to sell Foxtel after strong quarterly results

News Corp has told shareholders that there is “third-party interest in a potential transaction involving the Foxtel Group” in its quarterly financial statement issued on Friday morning.

News Corp owns 65% of the company, with the remainder held by Telstra. Foxtel Group encompasses the traditional pay TV arm, plus sports streaming service Kayo Sports, streaming service Binge, and the recently-launched Hubbl.

“We are confident in the company’s long-term prospects and are continuing to review our portfolio with a focus on maximising returns for shareholders,” News Corp CEO Robert Thomson said.