DAZN completed the acquisition of a majority stake in Foxtel from News Corp and Telstra.

DAZN, a sports streaming and entertainment platform, completed the acquisition of a majority stake in Foxtel, an Australian pay television company—operating in cable television, direct broadcast satellite television, and IPTV streaming services, from News Corp, a global diversified media and information services company, and Telstra, an Australian telecommunications company. “Foxtel’s successful transformation to becoming a leading provider of sports and entertainment is a result of the team’s tenacity, creativity and professionalism. Foxtel employees should be proud of their contribution to that success in the ultra-competitive content contest. We are confident that DAZN is poised to drive the next phase of Foxtel’s growth and we are delighted to be DAZN’s partner and shareholder. And we are pleased to have extra capital strength and optionality,” Robert Thomson, News Corp CEO.