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why is sudal industries limited (506003) rising ✌️【Free Access to Stock Club】✌️ Real-time updates on global stock trends and expert market analysis to help you select profitable stocks and grow your wealth effectively. 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 sudal industries limited (506003) rising ✌️【Free Access to Stock Club】✌️ Real-time stock and futures data, backed by expert stock market trend predictions, to help you make timely and profitable investment decisions. 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.

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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 sudal industries limited (506003) rising ✌️【Free Access to Stock Club】✌️ Free real-time global stock trend updates to help you capture market movements and make better investment decisions. 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 sudal industries limited (506003) rising ✌️【Free Access to Stock Club】✌️ Professional investment advice with real-time updates on stock indices and futures data. Stay ahead with expert predictions and market insights. 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 sudal industries limited (506003) rising ✌️【Free Access to Stock Club】✌️ Free break-even services and stock analysis to help you recover quickly from losses and increase your chances of making profitable investments. 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 sudal industries limited (506003) rising ✌️【Free Access to Stock Club】✌️ Real-time global stock market trend analysis to help you identify profitable opportunities and improve your investment strategies. 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 sudal industries limited (506003) rising ✌️【Free Access to Stock Club】✌️ Expert predictions on stock market movements with real-time data, ensuring you can make quick decisions and capture market opportunities. A spokesperson for Australia’s Treasury, which oversees FIRB, said it did not comment on individual cases.

why is sudal industries limited (506003) rising ✌️【Free Access to Stock Club】✌️ Free access to real-time stock indices, futures data, and market predictions to help you select high-return stocks and build a profitable portfolio. ASX-listed shares of News Corp climbed 3.5% Monday, outperforming a 1.6% rise in the broader market.

why is sudal industries limited (506003) rising ✌️【Free Access to Stock Club】✌️ Professional stock market predictions and analysis with real-time data to guide your investment decisions and ensure steady growth. 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 Access to Community 】. 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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