Sports streaming platform DAZN has acquired Australian broadband company Foxtel Group from majority shareholder, Rupert Murdoph’s News Corp, and minority shareholder, Telstra, in a deal valued at $2.2 billion.
The acquisition, pending regulatory approval and estimated for completion during the second half of fiscal 2025, establishes the sports entertainment platform as a leader in its domain in the Australian market, additionally enhancing its global reach and footprint. Per the press release from DAZN, the addition of Foxtel brings the group’s pro-forma revenues toward $6 billion and provides further content, expertise and expansion opportunities for its growth trajectory.
Foxtel is one of Australia’s leading media companies, with 4.7 million subscribers, who will gain access to DAZN’s portfolio of sports content. From its beginnings as Australia’s original pay television company, Foxtel has evolved to become a digital and streaming leader in sports and entertainment; the proposed transaction thus cements
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