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News Corp and Telstra agree sale of Foxtel to sports streaming service DAZN for $3.4bn

Pay TV channel sells along with the streaming services Kayo and Binge, subject to regulatory approvalGet our breaking news email, free app or daily news podcastNews Corp and Telstra will sell Foxtel in a $3.4bn deal with global sports streaming giant DAZN, relinquishing control of its entire portfolio of domestic and international sports broadcast rights including cricket, AFL and NRL.DAZN – owned by the second-richest man in Britain, Len Blavatnik – will take a majority stake in the Australian pay television business, including the Kayo and Binge streaming services and the Hubbl set-top box, subject to regulatory approval. Continue reading...

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