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News Corp Offloads Foxtel Subscription TV and Streaming Service
NWSANews (NWSA) Investopedia·2024-12-23 16:13

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 ...