DAZN: acquisition of Australian pay-TV group Foxtel for $2.2bn

DAZN has acquired the Australian pay-TV group Foxtel from the telecoms groups News Corp and Telstra for $2.2bn (€2.116bn), announced the OTT sports platform on 22/12/2024.

"The acquisition establishes DAZN as a leader in sports entertainment in Australia. The addition of Foxtel to DAZN brings the Group's pro-forma revenues towards $6bn and provides the additional content, expertise, and expansion opportunities to accelerate DAZN's growth trajectory. Foxtel is one of Australia's leading media companies, with 4.7 million subscribers, who will benefit from DAZN's extensive portfolio of sports content, platform technology, and global reach," said the UK streaming service.

Foxtel generated a turnover of AU$501m (€301m) in the first quarter of its 2025 financial year. The group holds the broadcasting rights in Australia for the Australian Football League (Australian rules football first division), the National Rugby League and several cricket competitions.

"Under the terms of the transaction, News Corp and Telstra will become minority shareholders in DAZN (6% and 3% respectively)…