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DAZN Buys Australia’s Foxtel in $2.2 Billion Deal With News Corp and Telstra
Sports streaming company DAZN is buying Foxtel Group from News Corp and Telstra in a deal with an enterprise value of $2.2 billion.
The deal, which is subject to regulatory approval, will bring together Foxtel — Australia’s original pay-TV operator, with 4.7 million subscribers — with DAZN, the privately held global streamer owned by British billionaire Len Blavatnik. DAZN’s backing will enhance our strategy needed, provide access to their global reach, and strengthen the infrastructure and technology to accelerate our transformation. Most importantly, we will continue to be a proudly Australian-based business, led by local management, committed to delivering locally-produced sports and entertainment content for our audiences.”
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