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Murdoch's News Corporation will sell Foxtel to DAZN in the United Kingdom for 2.1 billion dollars.
On Monday, Rupert Murdoch's News Corp announced it will sell its Australian cable and streaming division, Foxtel, to the United Kingdom's online sports streaming and entertainment platform DAZN for 3.4 billion Australian Dollars (2.1 billion Australian Dollars), including debt. As part of the Trade, Foxtel's current debt will be refinanced at the time of completion, and News Corp will Hold a 6% stake in DAZN, a Global streaming platform based in London, founded by billionaire Len.
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