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The Australian Championship Thread

Not yet. "The deal for Foxtel remains subject to regulatory approvals, including from the Foreign Investment Review Board".

AND Murdoch would keep a share of it, 10% or something.
An absolute joke of an organisation that has turned almost everything into a psychotic duopoly and in some cases a monopoly.

May as well not exist and save us the tax dollars.

10% is meaningless.
 
Not yet. "The deal for Foxtel remains subject to regulatory approvals, including from the Foreign Investment Review Board".

AND Murdoch would keep a share of it, 10% or something.
Is that true? I’m sure I heard the sale was for all Telstra and News shares.
 
Is that true? I’m sure I heard the sale was for all Telstra and News shares.

News Corp and Telstra have agreed to sell Foxtel Group to British sports streaming and entertainment company DAZN in a $3.4 billion deal.

Foxtel's streaming services Binge and Kayo Sports are included in the sale, which is expected to close in the second half of 2024/25 subject to regulatory approvals.

Telstra and News Corp would remain shareholders in DAZN, the company said.

Under the deal, News Corp will receive $578 million in cash for repayment for outstanding loans to Foxtel Group, while Telstra will get $128 million.

The transaction values Foxtel Group at $3.4 billion, including debt. Under its terms, News Corp will receive a 6 per cent minority interest in DAZN.

Telstra, which owns a 35 per cent stake in Foxtel, will get a 3 per cent stake in the London-based sports streaming service

 
Is there a live stream of this announcement? 13 minutes to go and nothing has popped up yet.
 
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