Telstra Corporation Limited (AU:TLS) has released an update.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Telstra Corporation Limited has announced its agreement to sell a 35% shareholding in Foxtel to DAZN, a global sports streaming platform, for $128 million. This move aligns with the strategic transformation of Foxtel, which has introduced streaming services like Kayo and Binge. The sale, expected to finalize in the first half of 2025, marks a new phase for Foxtel within a global platform, as Telstra retains a 3% shareholding in DAZN.
For further insights into AU:TLS stock, check out TipRanks’ Stock Analysis page.