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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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News

Trump calls for Iran’s surrender

Israel and Iran escalate conflicts with missile strikes, prompting Netanyahu’s airstrikes and Trump’s call for Iran’s surrender.

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Israel and Iran escalate conflicts with missile strikes, prompting Netanyahu’s airstrikes and Trump’s call for Iran’s surrender.


Missile strikes between Israel and Iran are intensifying, with both nations targeting nuclear and military sites.

After a missile hit an Israeli hospital, Prime Minister Netanyahu retaliated, launching 20 fighter jets into Western Iran.

Meanwhile, President Trump has demanded Iran’s unconditional surrender and hinted at possible U.S. military involvement.

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#IsraelIran #MiddleEastConflict #Trump #nucleartensions #TickerNews #militaryescalation

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News

Israel strikes Iran’s nuclear sites after hospital hit

Israel’s airstrikes on Iranian nuclear sites escalate tensions after a missile attack on an Israeli hospital, prompting Iranian retaliation and casualties on both sides.

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Israel’s airstrikes on Iranian nuclear sites escalate tensions after a missile attack on an Israeli hospital, prompting Iranian retaliation and casualties on both sides.


Israel has launched preemptive airstrikes on Iranian nuclear sites after a missile attack struck an Israeli hospital, marking a dramatic escalation in regional tensions.

Iran has retaliated with counterstrikes, as both nations report casualties. Israel claims the campaign is necessary to stop Iran from obtaining nuclear weapons—an accusation Tehran denies.

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#IsraelIran #MiddleEastCrisis #Trump #Airstrikes #NuclearTensions #BreakingNews #tickernews

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Money

Fed signals slower cuts amid rising risks

U.S. Federal Reserve revises economic forecasts downward, expecting growth slowdown and higher unemployment, but still plans rate cuts in 2024 and 2025.

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U.S. Federal Reserve revises economic forecasts downward, expecting growth slowdown and higher unemployment, but still plans rate cuts in 2024 and 2025.


At its latest meeting, the U.S. Federal Reserve revised its economic forecasts downward, with growth trimmed, inflation nudged up, and unemployment expectations now higher.

Despite this gloomier outlook, the Fed still sees two rate cuts in 2025, but just one in 2024 and one in 2026, a major dial-back from earlier projections.

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#FederalReserve #InterestRates #JeromePowell #Inflation #USEconomy #FedMeeting #tickernews

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