Rupert Murdoch’s News Corp has agreed to sell its Australian cable TV unit Foxtel to British-owned sports network DAZN for 3.4 billion Australian dollars ($2.1 billion) including debt, cutting the media empire’s exposure to a business upended by streaming platforms.
Rupert Murdoch’s News Corp has agreed to sell its Australian cable TV unit Foxtel to British-owned sports network
, a London-headquartered global streaming platform available in North America, Europe and Asia and backed by Ukrainian-born billionaire Len Blavatnik. to enter a key market, marking another step in our long-term strategy to become the global home of sport,” said
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