DAZN Secures Control of Foxtel in $2.1 Billion Deal
News Corp has sold its Australian cable-TV business, Foxtel, to DAZN for A$3.4 billion (approximately $2.14 billion USD), signaling a major shift towards digital sports streaming.
Published on April 3, 2025
British-owned sports streaming service DAZN has taken control of News Corp’s Australian cable-TV business, Foxtel, in a deal valued at A$3.4 billion (approximately $2.14 billion USD). The transaction marks a significant strategic shift for News Corp, long associated with traditional media, as it pivots towards digital and sports broadcasting.
Reports indicate that the deal was finalized on April 2, 2025, adding to a series of high-profile moves in the media landscape. Supplemental details from sources like Reuters and the Financial Times underscore the broader trend of digital transformation within the industry, with investors such as Sir Leonard Blavatnik further backing DAZN’s ambition to reshape sports streaming globally.