Murdoch's News Corp to sell Foxtel to Britain's DAZN
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News Corp announced the sale of its Australian cable TV and streaming unit, Foxtel, to DAZN for A$3.4 billion, including debt.
December 22, 2024 | 11:45 pm
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POSITIVE IMPACT
News Corp is selling its Australian cable TV and streaming unit, Foxtel, to DAZN for A$3.4 billion, including debt. This sale could positively impact News Corp's financials by reducing debt and potentially refocusing its strategic priorities.
The sale of Foxtel to DAZN for A$3.4 billion, including debt, is a significant move for News Corp. It will likely improve the company's balance sheet by reducing debt and may allow News Corp to focus on other strategic areas. This transaction is expected to have a positive short-term impact on News Corp's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90