Rupert Murdoch’s News Corp, Telstra to sell Australian cable TV Foxtel to UK streaming platform DAZN

Quick Summary:

SYDNEY, Dec 23 — Rupert Murdoch’s News Corp announced Monday it would sell its Australian cable TV Foxtel to UK sports s...

The deal is not expected to be finalised until 2025 and is subject to regulatory approval.

Under the agreement, Foxtel’s debt will be refinanced and shareholder loans valued at A$578 million (US$361 million) outstanding will be repaid in full in cash.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaAustralia

Topics: News Corp Rupert Murdoch Foxtel DAZN

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-23 @ 09:23:56 (6 days ago)

News Timezone: GMT +8:00

News Source URL: malaymail.com

Language: English

Article Length: 261 words

Reading Time: 2 minutes read

Sentences: 11 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Malay Mail

News ID: 24703969

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About Malay Mail

Main Topics: EconomyBusiness

Official Website: malaymail.com

Update Frequency: 3 posts per day

Year Established: 1896

Headquarters: Malaysia

News Last Updated: 20 hours ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

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News Language: English

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Publisher ID: #106

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