News Corp Completes Sale of Foxtel to DAZN

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News Corp Completes Sale of Foxtel to DAZN

, MT Newswires - 4:02 AM ET 4/2/2025 mergers-and-acquisitions

04:02 AM EDT, 04/02/2025 (MT Newswires) -- News Corp ( NWSA ) said Wednesday it has completed the sale of Foxtel Group to DAZN Group.

The completion followed DAZN's receipt of regulatory approvals for its acquisition of the pay television service, the media conglomerate said.

Upon completion, 592 million Australian dollars ($373.2 million) in shareholder loans were repaid to News Corp ( NWSA ), which also received a minority equity interest in DAZN of approximately 6%, the company said.

News Corp Deputy Chief Financial Officer Andrew Cramer also joined the board of DAZN, the company said.

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