Rupert Murdoch’s News Corp. agreed to sell Foxtel Group to sports platform DAZN Group Ltd. in a deal that values the Australian pay-television and streaming service at A$3.4 billion ($2.1 billion).

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

In just over five years, little-known UK sports streamer DAZN has moved from the sidelines with a grab bag of second-tier tennis and soccer matches, to become one of the biggest players in global sports broadcasting.

MUMBAI: It’s a deal that’s happening  down under but it’s given streaming platform Dazn group an upper hand as it continues its march towards spreading its wings even further globally. News Corp and Telstra owners of the Foxtel group– once a prized pay TV operator in Australia now turned streamer – have agreed to sell it to the Dazn group in a deal that values it at A$3.

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.

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.