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DAZN purchases Foxtel from News Corp for $3.4 billion

**DAZN Acquires Foxtel for $3.4B, Reshaping Australia’s Media Landscape**

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News Corp and Telstra have agreed to sell Foxtel, the pay television broadcaster and streaming company, to British sports streaming platform DAZN for $3.4 billion.

This transaction is set to significantly impact the local media landscape.

DAZN’s interest was first reported by The Australian Financial Review in November, following News Corp’s announcement to sell its stake after receiving third-party interest.

DAZN co-founder and CEO Shay Segev expressed that this deal presents an exciting opportunity for DAZN to enter the Australian market, which has a strong sports viewership.

News Corp’s CEO Robert Thomson commented that this agreement benefits News Corp shareholders, DAZN, and sports fans globally.

He noted that Foxtel has evolved into a leader in digital and streaming services in Australia and believes DAZN is well-suited to elevate the business further.

New focus

This sale will allow News Corp to concentrate on its other ventures, including Dow Jones and digital real estate.

The deal is expected to close in the latter half of fiscal 2025 and requires regulatory approvals.

Following the sale, News Corp will retain a minority equity interest of about 6% in DAZN, while Telstra will also divest its minority interest in Foxtel and acquire a 3% stake in DAZN.

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Lando Norris claims first F1 World Championship after dramatic Abu Dhabi showdown

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Lando Norris secures his first F1 World Championship at Abu Dhabi, becoming Britain’s 11th World Champion with 423 points.


Lando Norris has clinched his maiden Formula 1 World Championship after an electrifying finale at the Abu Dhabi Grand Prix. In a race packed with tension, Norris held onto third place — the exact result he needed to secure the title.

His performance not only sealed his first championship but also cemented him as Britain’s 11th F1 World Champion, marking a historic moment for McLaren and the sport.

Norris closed out the season with 423 points, marking a defining milestone in his career.

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#Formula1 #F1News #LandoNorris #MaxVerstappen #OscarPiastri #AbuDhabiGP #McLarenF1 #TickerNews


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China naval activity raises tensions from Philippines to Galápagos

Rising tensions in the South China Sea prompt expert insights on regional security and global trade implications.

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Rising tensions in the South China Sea prompt expert insights on regional security and global trade implications.


Tensions in the South China Sea are rising as Chinese naval and fishing vessels are spotted near the Philippines and even as far as the Galápagos Islands. Experts warn these movements could impact regional security and international waters.

We speak with Tim Harcourt from UTS to break down the significance of these developments, including the role of Taiwan, ASEAN, and Japan in responding to Chinese maritime activity.

From potential diplomatic fallout to economic implications, this interview dives into what these naval movements mean for the future of the region and global trade.

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#ChinaNaval #SouthChinaSea #Geopolitics #Philippines #Galapagos #MaritimeTensions #InternationalRelations #TickerNews


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Netflix’s $72B Warner Bros. deal faces backlash

Netflix’s $72 billion Warner Bros. acquisition faces backlash from lawmakers and industry groups over competition and consumer choice concerns.

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Netflix’s $72 billion Warner Bros. acquisition faces backlash from lawmakers and industry groups over competition and consumer choice concerns.


Netflix’s $72 billion acquisition of Warner Bros. has sparked major controversy, drawing sharp criticism from lawmakers and industry groups. The mega-merger is under scrutiny for potentially reshaping the entertainment landscape.

Senator Elizabeth Warren has voiced strong opposition, calling the deal a threat to competitive markets. Republican lawmakers also expressed concerns over Netflix’s growing market power, warning that the merger could limit consumer choice.

The Writers Guild of America has urged regulators to block the deal, citing risks to jobs and content diversity. Cinema United also warned that the acquisition could harm the cinema industry. Regulatory approval could take up to 18 months.

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#Netflix #WarnerBros #Merger #ElizabethWarren #WritersGuild #CinemaIndustry #EntertainmentNews #StreamingWars


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