News Corp Sells Foxtel to DAZN in $2.1 Billion Deal

The sale includes a 6% stake in DAZN for News Corp and marks a shift toward global sports streaming leadership.

News Corp and Telstra are selling their stakes in Foxtel to DAZN Group for an enterprise value of $2.1 billion, with the deal expected to close in the second half of 2025 pending regulatory approval.
News Corp will retain a 6% minority stake in DAZN and a seat on the board, while Telstra will gain a 3% equity stake in the London-based sports streaming platform.
Foxtel's CEO Patrick Delany will continue leading the company, which has grown to 4.7 million subscribers through its streaming services like Kayo and Binge.
DAZN plans to leverage its global reach to expand the international audience for Australian sports such as AFL and NRL while integrating Foxtel's offerings into its broader portfolio.
The transaction allows News Corp to focus on its core growth areas, including Dow Jones, digital real estate, and book publishing, while improving its credit profile through loan repayments.