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DAZN Buying Australia’s Foxtel From News Corp & Telstra For $2.1B
DAZN is buying Australia's Foxtel, the company behind Kayo and 'Colin From Accounts streamer Binge, for A$3.4B.
Foxtel Group CEO Siobhan McKenna claimed the agreement represented recognition of the transformation into a streaming company, saying the firm had “achieved an extraordinary turnaround in an intensely competitive environment.” “We are committed to supporting and investing in Foxtel’s television and streaming services, across both sports and entertainment, using our world-leading technology to further enhance the viewing experience for customers. This transaction also allows News Corp to focus on our other growth pillars of Dow Jones, Digital Real Estate and Book Publishing, while benefiting from repayment of our shareholder loans and an improved credit profile.
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