News Corp DR

NWS: XASX (AUS)

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News Corp: Streams Out of Pay TV at a Foxy Price

Brian Han

Dec 23, 2024

An agreement has been reached to sell Foxtel, the Australian pay-TV and streaming provider in which News Corp has a 65% shareholding. The sale to global sports streaming platform, DAZN, is struck at more than 7 times Foxtel's fiscal 2024 EBITDA, equating to enterprise value of AUD 3.4 billion.

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News Corp DR

News Corp: Streams Out of Pay TV at a Foxy Price

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