News Corporation Shs B Chess Depository Interests repr 1 Sh (AU:NWS) has released an update.
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News Corporation has announced the sale of Foxtel Group to DAZN Group Limited for an enterprise value of A$3.4 billion, marking a significant strategic shift. This deal, which includes repayment of shareholder loans and a minority stake in DAZN, aims to enhance Foxtel’s digital streaming capabilities and global reach. The transaction allows News Corp to streamline its operations and concentrate on key growth areas, including digital real estate and book publishing.
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