News Corp Sells Foxtel to British Sports Streaming Giant in $3.4 Billion Deal

News just broke that News Corp and Telstra are selling Foxtel to a British sports streaming platform, DAZN, in a massive $3.4 billion deal. This move is set to shake up the local media industry in a big way.

The Australian Financial Review first reported DAZN’s interest in Foxtel back in November. This came after News Corp announced that they were looking to sell their stake in the company due to increased interest from other parties.

This deal is significant and is sure to have a lasting impact on the media landscape. Keep an eye on how this unfolds as DAZN takes over Foxtel and reshapes the streaming entertainment market. It’s a big move that could change the way we all consume media in the future.