News Corp and Telstra have announced the sale of Foxtel, their Australian cable TV and streaming company, to British sports platform DAZN for A$3.4 billion. This acquisition includes complete control over Foxtel's sports broadcast rights, including popular Australian leagues. While News Corp and Telstra will retain minority stakes in DAZN, Foxtel’s existing leadership will remain in place, ensuring continuity for its 4.7 million Australian customers during the transition. The deal is aimed at enhancing Foxtel's position in a competitive streaming market and benefitting from DAZN's global reach.