DAZN Acquires Foxtel from News Corp for A$3.4B

News Corporation has finalized the sale of Foxtel Group to DAZN, a global sports streaming platform, marking a significant shift in Australia's media landscape. The transaction, which received necessary regulatory approvals, allows News Corp to retain a minority stake in DAZN while refocusing on its core areas such as digital real estate and publishing. Foxtel will continue to operate under its established brand identities, benefiting from DAZN's technological expertise and global reach. DAZN's CEO expressed enthusiasm about the acquisition, highlighting the potential for enhanced sports delivery to Australian fans. This sale is part of a broader trend as traditional media companies adapt to the evolving digital landscape. The deal is seen as a strategic move to leverage DAZN's capabilities in a highly competitive streaming market.