M&A Deal Summary

DAZN Group Acquires Foxtel Group

On December 22, 2024, DAZN Group acquired media company Foxtel Group from News Corp and Telstra for 2.2B USD

Acquisition Highlights
  • This is DAZN Group’s 1st transaction in the Media sector.
  • This is DAZN Group’s largest (disclosed) transaction.
  • This is DAZN Group’s 1st transaction in Australia.

M&A Deal Summary

Date 2024-12-22
Target Foxtel Group
Sector Media
Buyer(s) DAZN Group
Sellers(s) News Corp
Telstra
Deal Type Divestiture
Deal Value 2.2B USD

Target

Foxtel Group

Melbourne, Australia
Foxtel Group is a media company that operates subscription television, streaming, sports production, and advertising. The Group’s diversified business includes Fox Sports, which offers live sports and shows. Foxtel Group is based in Melbourne, Australia.

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Buyer(S) 1

Buyer

DAZN Group

London, United Kingdom

Category Company
Founded 2007
Sector Digital Media
DESCRIPTION

DAZN Group is one of the fastest growing sports media companies in the world. DAZN Group is home to DAZN, the leading global sport streaming service, as well as some of the most popular sport portals, including DAZN News, Goal, Sporting News, and Spox.com. DAZN is leading the charge to give sports fans around the world access to sport anytime, anywhere. DAZN guarantees affordable access on most connected devices including smart TVs, set-top boxes, streaming sticks, smartphones, tablets, PCs and game consoles. DAZN is live in Austria, Brazil, Canada, Germany, Italy, Japan, Spain, Switzerland and the United States. DAZN Group was founded in 2007 and is based in London, United Kingdom.


DEAL STATS #
Overall 1 of 1
Sector: Media M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Australia M&A 1 of 1
Year: 2024 M&A 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-22 Goal.com

London, United Kingdom

Goal.com is world’s largest independent soccer site with ~55M MUVs across its various web and app properties. Goal.com is based in London, United Kingdom.

Sell -

Seller(S) 2

SELLER

News Corp

New York, New York, United States

Category Company
Founded 2012
Sector Media
Employees23,900
Revenue 10.1B USD (2024)
DESCRIPTION

News Corp is a diversified international media and entertainment company with operations in eight industry segments: filmed entertainment; television; cable network programming; direct broadcast satellite television; magazines and inserts; newspapers; book publishing; and other. The activities of News Corporation are conducted principally in the United States, Continental Europe, the United Kingdom, Australia, Asia and the Pacific Basin. News Corp was formed in 2012 and is based in New York, New York.


DEAL STATS #
Overall 11 of 11
Sector: Media M&A 2 of 2
Type: Divestiture M&A Deals 7 of 7
Country: Australia M&A 1 of 1
Year: 2024 M&A 1 of 1
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-27 IHS Markit - Base Chemicals Business

London, United Kingdom

Base Chemicals is known for its pricing data, insights, analysis, and forecasting capabilities for the world’s most important base chemicals delivered through its leading Market Advisory and World Analysis services. Base Chemicals Business include Oil Price Information Services (OPIS), Coal, Metals, and Mining (CMM), and PetroChem Wire (PCW) businesses.

Buy $295M
SELLER

Telstra

Melbourne, Australia

Category Company
Founded 1901
Sector Communications
Employees30,553
Revenue 22.7B AUD (2025)
DESCRIPTION

Telstra provides telecommunications and information products and services through its Australian and offshore operations. TLS has a wide range of businesses namely fixed broadband, mobile, data and IP, network application & services (NAS), digital media and international. Telstra was founded in 1901 and is based in Melbourne, Australia.


DEAL STATS #
Overall 7 of 9
Sector: Media M&A 1 of 1
Type: Divestiture M&A Deals 6 of 7
Country: Australia M&A 3 of 5
Year: 2024 M&A 1 of 1
Size (of disclosed) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-11 Versent

Melbourne, Australia

Versent specialises in both modern build and modern run for cloud-native applications, data-streams, platforms, and services to government and enterprise clients. Versent was founded in 2014 and is based in Melbourne, Australia.

Buy AU$268M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-08-13 Versent

Melbourne, Australia

Versent specialises in both modern build and modern run for cloud-native applications, data-streams, platforms, and services to government and enterprise clients. Versent was founded in 2014 and is based in Melbourne, Australia.

Sell -