Foxtel Group Sold to British Streaming Giant for over $3 Billion

Foxtel Group has sold to a British company, with the transaction set to be finalised in the new year.

A Foxtel television cameramen sits behind his camera before the start of the A-League match between Western Sydney Wanderers and Wellington Phoenix at Bankwest Stadium in Sydney, Australia, on May 26, 2021. AAP Image/David Gray

A British sports streaming company has bought Foxtel Group for $3.4 billion (US$2.1 billion).

In a statement released on Dec. 23, Foxtel Group announced DAZN had committed to maintaining a local head office, local leadership, and local sports and entertainment product as part of the deal.