News Corp-B Newsroom

News Corporation (NWSA.US) sells its cable Television business Foxtel in a deal worth 2.1 billion USD.

Media tycoon Murdoch's news group (NWSA.US) has sold Australia's cable television business Foxtel to the United Kingdom Sports streaming company DAZN for a total consideration of 3.4 billion Australian Dollars (approximately 2.128 billion USD), including debt. After the Trade is completed, the news group will Hold a 6% equity stake in DAZN and will have one seat on the Board of Directors. Foxtel is valued at about 7 times its EBITDA. Under the agreement, a total of 0.578 billion Australian Dollars in shareholder debt will be repaid, and Foxtel's current debt will be Refinanced. DAZN broadcasts top football leagues in Italy, Spain, Germany, and France.

AASTOCKS10:35

Express News | Murdoch's News Corporation will sell Foxtel to DAZN in the United Kingdom for $2.1 billion.

Breakings07:43

DAZN Advances Global Expansion with Acquisition of Foxtel, a Leading Australian Sports and Entertainment Media Group

PR Newswire07:32

Express News | The Australian telecommunications company has sold most of its Foxtel shares to DAZN.

Breakings07:25

News Corp: Foxtel to Be Classified as Discontinued Operations From 2Q FY25

Dow Jones07:15

News Corp: Deal Expected to Close in Second Half of FY25

Dow Jones07:14

Telstra: Proposed Transaction Values Foxtel at Enterprise Value of A$3.4 Billion

Dow Jones07:14

Telstra: Deal Not Expected to Have Material Impact on FY25 Guidance

Dow Jones07:13

Telstra: Will Receive A$128 Million in Cash for Repayment of Shareholder Loans

Dow Jones07:12

Telstra: to Sell 35% Stake in Foxtel to DAZN

Dow Jones07:11

News Corp: Will Hold Minority Interest in DAZN of Roughly 6%; One Seat on Its Board of Directors

Dow Jones07:11

News Corp: Shareholder Loans of A$578 Million Outstanding, Owing to News Corp to Be Repaid

Dow Jones07:10

News Corp Announced Agreement To Sell Foxtel To DAZN For Enterprise Value Of A$3.4B

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