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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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SpaceX expands Starlink with phone plans and satellite tracking ambitions

SpaceX expands Starlink with a mobile device and space tracking, raising concerns over revenue and US government reliance.

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SpaceX expands Starlink with a mobile device and space tracking, raising concerns over revenue and US government reliance.

SpaceX is pushing Starlink beyond internet from space, with plans underway for new consumer facing services that could reshape the telecom landscape.

The company is reportedly exploring a Starlink mobile device, positioning it as a potential rival to established smartphone players as it looks to extend its reach from orbit to everyday tech.

Starlink has become SpaceX’s financial powerhouse, generating an estimated $8 billion in revenue last year, with fresh trademark and patent filings signalling even more ambitious expansion ahead.


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Oil prices surge as U.S.-Iran tensions escalate

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Crude oil prices jumped over 3% on Wednesday as U.S.-Iran nuclear talks showed signs of faltering, pushing WTI futures above $65 per barrel. Axios reported disagreements over the venue and scope of Friday’s talks, while President Trump warned Iran’s supreme leader to “be very worried,” stoking fears of military escalation.

Tensions in the Persian Gulf added to the volatility. A U.S. F-35C shot down an Iranian drone near the USS Abraham Lincoln, and Iranian vessels threatened a U.S.-flagged tanker in the Strait of Hormuz. The USS McFaul escorted the tanker to safety, highlighting the region’s fragile oil supply routes.

Despite the clashes, nuclear talks will go ahead on Friday in Oman, but uncertainty continues to drive oil market volatility, with traders closely watching both diplomatic and military developments.

#OilPrices #IranUS #NuclearTalks #PersianGulf #WTI #EnergyMarket #Geopolitics #OilSupply


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Washington Post layoffs: Hundreds of journalists cut as Bezos faces criticism

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The Washington Post has laid off hundreds of employees, marking what former executive editor Martin Baron calls “one of the darkest days” in the paper’s history. Approximately one-third of the newsroom staff were affected, as the company undertakes a so-called “strategic reset” to compete in a crowded media landscape.

The cuts hit key areas, including the sports desk, local coverage, international reporting, the books desk, and the flagship daily news podcast. Editor-in-Chief Matt Murray said the changes aim to prioritise national security, politics, science, health, technology, climate, and business coverage while positioning the Post for the future.

Critics have called out owner Jeff Bezos for his silence during the layoffs and alleged efforts to influence the paper’s political stance. Former editor Baron warned that the newspaper’s ambitions would be sharply diminished and its credibility could suffer.

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