News Corp has announced a landmark agreement to sell Foxtel Group to global sports streaming platform DAZN for an enterprise value of $3.4 billion.
News Corp has announced a landmark agreement to sell Foxtel Group , including Kayo and Binge, to global sports streaming platform DAZN in a deal worth $3.4 billion.
Foxtel’s sale has marked the end of an era, but DAZN committed to maintaining a local head office, local leadership and sports and entertainment production in Australia. “It means we will remain a proudly Australian-based business with local character, local management and local sports and entertainment production,” Mr Delany said.
CEO of DAZN Shay Segev said the deal unlocked potential for both Australian sports and global streaming.
Streaming News Corp Foxtel Group Robert Thomson CEO Of DAZN Australia Media Foxtel Patrick Delany Dazn Shay Segev
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