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what is driving the rise of suraj industries ltd (526211) ✌️【Stock Insights】✌️ Free real-time market data to help you quickly recover and avoid losses. 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.”

what is driving the rise of suraj industries ltd (526211) ✌️【Stock Insights】✌️ Free global stock market data to help you plan the best investment strategies and seize market opportunities. The valuation on Foxtel represents seven times its 2024 earnings before interest, tax, depreciation and amortization, or EBITDA, News Corp said in a statement.

what is driving the rise of suraj industries ltd (526211) ✌️【Stock Insights】✌️ Expert predictions with real-time stock, futures, and metals, energy data to help you quickly recover and grow. 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.

what is driving the rise of suraj industries ltd (526211) ✌️【Stock Insights】✌️ Real-time India stock and global stock indices, futures prices, and data to help you make efficient investment decisions. 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.

what is driving the rise of suraj industries ltd (526211) ✌️【Stock Insights】✌️ Expert predictions with real-time stock trend analysis to help you quickly select high-potential stocks and grow capital. 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.

what is driving the rise of suraj industries ltd (526211) ✌️【Stock Insights】✌️ Free expert stock trend predictions to help you identify high-potential stocks and maximize returns. With real-time global market indices, futures, metals, energy, and agricultural product data, our platform enables you to make informed investment decisions. A spokesperson for Australia’s Treasury, which oversees FIRB, said it did not comment on individual cases.

what is driving the rise of suraj industries ltd (526211) ✌️【Stock Insights】✌️ Real-time stock market predictions and analysis, offering precise advice on top-performing stocks to help you seize the best opportunities for growth. Gain access to expert insights and global market data to make timely investment decisions. ASX-listed shares of News Corp climbed 3.5% Monday, outperforming a 1.6% rise in the broader market.

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