News Corp and Telstra agree sale of Foxtel to sports streaming service DAZN for $3.4bn

Pay TV channel sells along with the streaming services Kayo and Binge, subject to regulatory approval

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News Corp and Telstra will sell Foxtel in a $3.4bn deal with global sports streaming giant DAZN, relinquishing control of its entire portfolio of domestic and international sports broadcast rights including cricket, AFL and NRL.

DAZN - owned by the second-richest man in Britain, Len Blavatnik - will take a majority stake in the Australian pay television business, including the Kayo and Binge streaming services and the Hubbl set-top box, subject to regulatory approval.