Allens has advised News Corp on the sale of The Foxtel Group to streaming and entertainment platform DAZN.
DAZN will take full ownership of Foxtel in the transaction valued at $3.4 billion. As part of the deal, News Corp and Telstra, the current owners of Foxtel, will receive minority stakes in DAZN and repayment of shareholder loans.
'We are proud to have assisted News Corp in navigating the complexities of this deal and positioning themselves for future opportunities in the media and entertainment space,' said Partner Kylie Brown.
The deal closed on 2 April 2025.
Allens legal team
M&A
Kylie Brown (Partner), Chelsey Drake (Partner), Aidan Shanley (Senior Associate), Eleanor Skuza (Associate)
TMT
Gavin Smith (Partner), William Coote (Managing Associate)
Competition
Jacqueline Downes (Partner), Anita Thompson (Managing Associate), Amy Riley (Senior Associate), Tamim Rahimi (Associate)
Banking & Finance
Alan Maxton (Partner), Jo Folan (Partner), Damon Angus (Finance Counsel), Natalie Ho (Associate), Paul Kwon (Lawyer)
Intellectual Property
Miriam Stiel (Partner)