Rupert Murdoch’s News Corp has sold its Australian cable television and streaming service, Foxtel, to the UK’s DAZN for a hefty $2.1 billion, which translates to about A$3.4 billion. This deal includes the refinancing of Foxtel’s current debt, which will be transferred along with the company. The sale marks a significant shift in the ownership of one of Australia’s leading pay-TV providers.
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