News Corp Offloads Foxtel Subscription TV and Streaming Service
Key TakeawaysNews Corp and Australian partner Telstra sold their interest in the Foxtel subscription TV and streaming service to DAZN Group for an enterprise value of 3.4 billion Australian dollars ($2.12 billion).The agreement includes the repayment of $360 million in shareholder loans owed to News Corp.News Corp will also get a 6% stake in DAZN Group, and a seat on the board. News Corp (NWSA) shares gained Monday when Rupert Murdoch's media company and Australian telecom company Telstra agreed to sell the ...