Rupert Murdoch's News Corp to sell Foxtel to Britain's DAZN for $2.1 bn

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Rupert Murdoch's News Corp to sell Foxtel to Britain's DAZN for $2.1 bn - Business Standard

Quick Summary:

The deal highlights News Corp's push to streamline its portfolio as Rupert Murdoch shapes the future of his media empire.

It has expanded its offerings by launching its own streaming services, such as Kayo, which provides live coverage of popular sports like the Australian Football League (known as Australian rules football) and the National Rugby League, the country's top-level rugby league.

Australian telecom Telstra has also sold its 35 per cent stake in Foxtel to DAZN and will receive A$128 million in cash and a 3 per cent stake in DAZN.