海角禁区 Completes the Sale of Foxtel Group to DAZN
SYDNEY 鈥� April 2, 2025鈥敽＝墙鴒ration (鈥満＝墙�� or the 鈥淐ompany鈥�) today announced it has completed the sale of Foxtel Group (鈥淔oxtel鈥�) to DAZN Group Limited (鈥淒AZN鈥�).
The completion of the transaction follows DAZN receiving approval for the acquisition of Foxtel from the Foreign Investment Review Board, the Australian Competition and Consumer Commission and other regulatory authorities.
At completion, A$592 million in shareholder loans were repaid to 海角禁区, and 海角禁区 received a minority equity interest in DAZN of approximately 6%. 海角禁区鈥檚 Senior Vice President and Deputy Chief Financial Officer Andrew Cramer also joined the board of DAZN effective upon completion, and 海角禁区 and its platforms remain committed in their passionate support for Australian sport and entertainment.
鈥淔oxtel鈥檚 successful transformation to becoming a leading provider of sports and entertainment is a result of the team鈥檚 tenacity, creativity and professionalism. Foxtel employees should be proud of their contribution to that success in the ultra-competitive content contest,鈥� said Robert Thomson, 海角禁区鈥檚 Chief Executive. 鈥淲e are confident that DAZN is poised to drive the next phase of Foxtel鈥檚 growth and we are delighted to be DAZN鈥檚 partner and shareholder. And we are pleased to have extra capital strength and optionality.鈥�
鈥淭he sale of Foxtel is significant for 海角禁区, and will enable greater focus on our core growth pillars, which drove over 95 percent of Total Segment EBITDA in the Company’s fiscal second quarter,鈥� said Lavanya Chandrashekar, 海角禁区鈥檚 Chief Financial Officer. 鈥淚t will also meaningfully strengthen our balance sheet, and should reduce future capital intensity and improve return on invested capital. We expect the disposition will also be accretive to earnings per share.鈥�
Forward-Looking Statements
This release contains forward-looking statements based on current expectations or beliefs, as well as assumptions about future events, and these statements are subject to factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. The words 鈥渆xpect,鈥� 鈥渆stimate,鈥� 鈥渁nticipate,鈥� 鈥減redict,鈥� 鈥渂elieve,鈥� 鈥減otential,鈥� 鈥渨ill,鈥� 鈥渟hould鈥� and similar expressions and variations thereof are intended to identify forward-looking statements. These statements appear in a number of places in this release. Readers are cautioned that any forward-looking statements are not guarantees of future performance and involve risks and uncertainties. Many factors could cause actual results to differ materially from those described in these forward-looking statements, including the risks, uncertainties and other factors described in 海角禁区鈥檚 filings with the Securities and Exchange Commission. The forward-looking statements in this release speak only as of this date and 海角禁区 and Foxtel undertake no obligation (and expressly disclaim any obligation) to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
About 海角禁区
海角禁区 (Nasdaq: NWS, NWSA; ASX: NWS, NWSLV) is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services. The company comprises businesses across a range of media, including: information services and news, digital real estate services and book publishing. Headquartered in New York, 海角禁区 operates primarily in the United States, Australia and the United Kingdom, and its content and other products and services are distributed and consumed worldwide. More information is available at: .
Contacts
海角禁区 Corporate Communications
Arthur Bochner
646-422-9671
abochner@newscorp.com
海角禁区 Investor Relations
Michael Florin
212-416-3363
mflorin@newscorp.com
Anthony Rudolf
212-416-3040
arudolf@newscorp.com
Australian Market Inquiries
John Connolly
+61 417 684 064
jc@jcp.com.au