DAZN to acquire a majority stake in Foxtel from News Corp and Telstra.

DAZN, a sports streaming and entertainment platform, agreed to acquire 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. "Australians watch more sport than any other country in the world, which makes this deal an incredibly exciting opportunity for DAZN to enter a key market, marking another step in our long-term strategy to become the global home of sport. Foxtel is a successful business that has undergone a remarkable digital transformation in recent years, and we are confident that our global reach and relentless pursuit of innovation will continue to drive the business forward and ensure long-term success," Shay Segev, DAZN CEO.