by Henry Belot, Guardian — 23 December 2024
The global sports streaming service DAZN has agreed to buy a majority stake in the Australian pay-TV giant Foxtel and its subsidiary streaming services Kayo, Binge and Hubbl.
The $3.4bn deal, which is still subject to regulatory approval, could boost the international profile of Australian sport. In a press release announcing the deal, CEO Shay Segev said DAZN was “committed to using our global reach to export Australia’s most popular sports to new markets around the world, just as we have done with the NFL”.
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