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    Home > Finance > Australia's Telstra sells most of its Foxtel stake to DAZN
    Finance

    Australia's Telstra sells most of its Foxtel stake to DAZN

    Published by Global Banking & Finance Review®

    Posted on December 22, 2024

    1 min read

    Last updated: January 27, 2026

    This image highlights Telstra's strategic decision to sell its 35% stake in Foxtel to DAZN for A$128 million, as reported in the finance article. The transaction marks a significant shift in the Australian media landscape.
    Telstra sells Foxtel stake to DAZN in a significant finance deal - Global Banking & Finance Review
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    Quick Summary

    Telstra sells a 35% stake in Foxtel to DAZN for A$128 million, retaining a 3% stake. The deal, pending regulatory approval, is expected to complete in 2025.

    Telstra Divests Major Foxtel Stake to DAZN for $80 Million

    (Reuters) - 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.

    The company will receive A$128 million ($80.08 million) in cash for the repayment of shareholder loans and will hold a 3% stake in DAZN.

    The deal, subject to regulatory approvals, is expected to finalise in the first half of 2025.

    News Corp said on Monday it would sell its Foxtel stake to DAZN for A$3.4 billion, including debt.

    ($1 = 1.5985 Australian dollars)

    (Reporting by Roshan Thomas in Bengaluru; Editing by Jamie Freed)

    Key Takeaways

    • •Telstra sells 35% stake in Foxtel to DAZN.
    • •Telstra receives A$128 million in cash.
    • •Deal includes repayment of shareholder loans.
    • •News Corp also sells its Foxtel stake.
    • •Transaction expected to complete by 2025.

    Frequently Asked Questions about Australia's Telstra sells most of its Foxtel stake to DAZN

    1What is the main topic?

    The main topic is Telstra's sale of a 35% stake in Foxtel to DAZN for A$128 million, with the deal expected to finalize by 2025.

    2Who are the companies involved?

    The companies involved are Telstra, DAZN, and News Corp.

    3What is the value of the transaction?

    The transaction is valued at A$128 million, or approximately $80.08 million.

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