Rupert Murdoch’s News Corp sells Foxtel to UK’s DAZN for $2.1 billion

Murdoch’s News Corp (NASDAQ:NWS) finalized an agreement to sell its Australian cable television and streaming service, Foxtel, to DAZN— a UK sports streaming giant—for approximately $2.1 billion (~A$3.4 billion).

Foxtel’s current debt will be refinanced at closing and transferred with Foxtel, and News Corp (