News Corp Stock News

Sports streaming platform DAZN has agreed to buy News Corp's Australian cable TV unit Foxtel for A$3.4 billion ($2 billion) including debt.

Sports streaming platform DAZN has acquired Australian broadband company Foxtel Group from majority shareholder, Rupert Murdoph's News Corp, and minority shareholder, Telstra, in a deal valued at $2.2 billion.

Rupert Murdoch's News Corp said on Monday it would sell its Australian cable TV and streaming unit Foxtel to British over-the-top sports streaming and entertainment platform, DAZN for A$3.4 billion ($2.13 billion), including debt.

SYDNEY--(BUSINESS WIRE)--News Corporation (“News Corp” or the “Company”) (Nasdaq: NWS, NWSA: ASX: NWS, NWSLV) announced today that it has entered into a definitive agreement for the sale of Foxtel Group (“Foxtel”) to DAZN Group Limited (“DAZN”), a premier global sports streaming platform. Under the terms of the agreement, shareholder loans in the amount of A$578 million outstanding and owing to...

NEW YORK--(BUSINESS WIRE)--News Corp announced today that HarperCollins Publishers President and Chief Executive Officer Brian Murray will participate in the UBS Global Media and Communications Conference on Tuesday, December 10, 2024. The session will begin at 9:00 AM EST. To listen to the live webcast, please visit the News Corp website at https://investors.newscorp.com/calendar-events. A rep...

NEW YORK and LONDON , Dec. 2, 2024 /PRNewswire/ -- Dow Jones today announced it has acquired WorldECR, an industry-leading provider of news, data and analysis on global export control and trade sanctions. This is the latest in a series of investments and acquisitions aimed at bolstering Dow Jones's portfolio of specialized news, data, analysis and events for business users.

News Corp. has defeated a shareholder proposal to adopt a recapitalization plan to eliminate News Corp's dual-class capital structure that includes regular shares and super-voting share, most of which are owned by the Murdoch family.

Activist investor Starboard Value had challenged ownership structure, as Murdoch family controls 41% of company votes