News Corp and Australian telecom company Telstra have agreed to sell their jointly owned pay television company, Foxtel, to sports streaming service DAZN Group in a deal that values Foxtel at around US$2.

DAZN has acquired Australian broadband company Foxtel Group from majority shareholder, Rupert Murdoph's News Corp, in a deal valued at $2.2 billion.

Australian telecom firm Telstra said on Monday it had sold a 35% stake in Australian cable TV and streaming unit Foxtel to British streaming platform DAZN.

News Corp and partner Telstra sold their interest in the Foxtel subscription TV and streaming service to DAZN Group.

News Corp. and Australian telecom film Telstra have struck a deal to sell Aussie media company Foxtel Group to sports streaming platform DAZN in a deal worth about $2.1 billion.

News Corp is selling Foxtel to UK sports streaming and entertainment platform DAZN. Source: AAP / David Gray News Corp and Telstra have agreed to sell Foxtel Group to British sports streaming and entertainment company DAZN in a $3.

News Corp sells Foxtel to DAZN for A$3.4B, refocusing on publishing. DAZN enters Australia's sports market as Telstra exits with A$128M & a DAZN stake.

The global sports streamer, owned by Britain’s second-richest man Len Blavatnik, expects to close the deal in the second half of 2025, pending regulatory approval, in a move that will radically reshape the Australian sports media landscape.

Foxtel is being bought by major UK sports streaming company DAZN in a deal worth $3.4 billion. The Aussie streaming service that boasts millions of subscribers has been around for close to three decades.