Sports streaming company DAZN is buying Australia’s Foxtel Group from majority shareholder News Corp and minority shareholder Telstra in a deal with an enterprise value of $2.2 billion. The deal, which is subject to regulatory approval,

News Corp. and Australian telecom film Telstra have struck a deal to sell Aussie media company Foxtel Group to sports streaming platform DAZN in a deal worth about $2.1 billion.

News Corp has agreed to sell a majority stake of its pay television business Foxtel to international sports media juggernaut DAZN. This article, News Corp agrees to sell Foxtel to DAZN, was first published at The Desk.