Foxtel sale may be announced before Christmas

Nathan Jolly

December 20, 2024 8:48

News Corp is finalising a sale for its majority stake in Foxtel, with reports suggesting that the deal may be announced to the ASX early next week.

UK-based sports streaming platform, DAZN, has been in talks with News Corp for months over a potential sale, according to numerous sources.

Earlier this month, the AFR reported DAZN had tapped the Bank of America’s telecommunications and media team to advise a potential bid for News Corp’s 65% share in the subscription TV company. DAZN chief, Shay Segev, was spotted in Australia last week, fuelling speculation a deal was imminent.

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Nathan Jolly

Nathan Jolly is the Features Editor at Mumbrella. He joined the team in July, 2023.

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2 COMMENTS

Janine 21 Dec 24

You have just reminded me on how costly Foxtel is and I need to down scale so I’m going to check out plans now cause having Netflix and Stan which are so much cheaper. I have been with this since it was Galaxy so 30 odd years and you get no rewards as such it’s way to expensive.

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Anonymous 22 Dec 24

I would like foxtel it’s just too expensive in todays climate good and rent before tv. Whoever ends up with Foxtel don’t price it out of the market .

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