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why is spectra industries limited (513687) rising ✌️【Investment】✌️ Free global stock market data to help you plan the best investment strategies and seize market opportunities. Rupert Murdoch’s News Corp has agreed to sell its Australian cable TV unit Foxtel to British-owned sports network DAZN for 3.4 billion Australian dollars ($2.1 billion) including debt, cutting the media empire’s exposure to a business upended by streaming platforms.

why is spectra industries limited (513687) rising ✌️【Investment】✌️ Real-time global stock, futures, and exchange rate data to keep you informed of market trends and seize investment opportunities. News Corp will gain a board seat and hold a 6% stake in DAZN, a London-headquartered global streaming platform available in North America, Europe and Asia and backed by Ukrainian-born billionaire Len Blavatnik.

DAZN is a broadcasting partner for Italy’s Serie A, Spain’s LaLiga, Germany’s Bundesliga and France’s Ligue 1. It competes against traditional TV and satellite channels and provides access to a range of sports content, including American football, boxing and baseball, over its streaming platform.

“Australians watch more sport than any other country in the world, which makes this deal an incredibly exciting opportunity for DAZN to enter a key market, marking another step in our long-term strategy to become the global home of sport,” said DAZN co-founder and CEO Shay Segev.

why is spectra industries limited (513687) rising ✌️【Investment】✌️ Real-time global stock, futures, and forex data to help you master market dynamics. Related articleWhy the Murdoch family is secretly battling over succession in an obscure Nevada court

Foxtel, launched by News Corp in 1995, has weighed on the media giant’s profits for years as the number of people who pay monthly subscriptions for its broadcast content switched to cheaper streaming options like Netflix (NFLX).

It has tried to diversify by adding its own streaming services like Kayo, which livestreams local sports Australian Football League and the National Rugby League, to win back sports broadcasting market share. It also shows ESPN.

However, its earnings have suffered with the cost of sports broadcasting rights soaring just as subscriber revenue has shrunk. To help offset the costs, Foxtel often shares rights with free-to-air broadcasters.

“Foxtel’s traditional premium pricing model has long been a point of contention, particularly in an era dominated by more affordable streaming alternatives,” said Paul Budde, an independent telco analyst.

“DAZN’s entry into the Australian market, potentially offering competitive or lower rates, could dramatically shift consumer expectations and reshape the pricing landscape.”

why is spectra industries limited (513687) rising ✌️【Investment】✌️ Free real-time global stock indices and data to help you grasp stock market trends and achieve capital growth. The valuation on Foxtel represents seven times its 2024 earnings before interest, tax, depreciation and amortization, or EBITDA, News Corp said in a statement.

why is spectra industries limited (513687) rising ✌️【Investment】✌️ Expert predictions with real-time stock indices, futures data, and metals, energy market data to help you seize the best investment opportunities. As part of the deal, shareholder loans valued at 578 million Australian dollars ($362 million) outstanding will be repaid in full and Foxtel’s current debt will be refinanced at closing.

why is spectra industries limited (513687) rising ✌️【Investment】✌️ Real-time global stock, futures, and forex data to help you quickly assess market trends and achieve stable returns. News Corp chief executive Robert Thomson said the deal would allow the company to focus on its core operations of Dow Jones, digital real estate and book publishing. News Corp owns 61.4% of online real estate platform REA Group and is the parent company of publisher HarperCollins.

why is spectra industries limited (513687) rising ✌️【Investment】✌️ Free stock selection service with professional advisors offering the best investment portfolio for stable growth. The deal is due to be finalized in the second half of 2025 and is subject to regulatory approval, News Corp said. Given the overseas ownership of DAZN, the transaction will need to be cleared by Australia’s Foreign Investment Review Board (FIRB).

Blavatnik is a dual US and British citizen and the founder of Access Industries, which has an investment portfolio worth more than $35 billion, according to its website.

why is spectra industries limited (513687) rising ✌️【Investment】✌️ Real-time global stock trend and futures data to help you plan investment strategies for long-term returns. A spokesperson for Australia’s Treasury, which oversees FIRB, said it did not comment on individual cases.

why is spectra industries limited (513687) rising ✌️【Investment】✌️ Expert predictions of stock trends with real-time stock indices, futures, and metals, energy quotes to help you seize investment opportunities. ASX-listed shares of News Corp climbed 3.5% Monday, outperforming a 1.6% rise in the broader market.

why is spectra industries limited (513687) rising ✌️【Investment】✌️ Free stock data analysis to help you select stocks accurately and capture market trends. Most stock quote data provided by BATS. US market indices are shown in real time, except for the S&P 500 which is refreshed every two minutes. All times are ET. Factset: FactSet Research Systems Inc. All rights reserved. Chicago Mercantile: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and 【 - Free Deep Market Trend Analysis 】. Standard & Poor’s and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC and/or its affiliates. Fair value provided by IndexArb.com. Market holidays and trading hours provided by Copp Clark Limited.

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