Apr. 2 at 9:59 AM
🔥 Big media shake-up:
$NWS just dropped Foxtel like a hot mic 🔥
💰 News Corp is selling its Aussie cable biz to DAZN for A
$3.4B (~
$2.14B USD) — and grabbing a 6% stake in the sports streamer on the way out. Andrew Cramer joins DAZN’s board to keep an eye on things.
🎯 Why?
$NWS is tightening up, slashing capital drag, and going all-in on core growth. Smart money move.
📈 Stock is flirting with
$31 premarket (up from
$30.28). Analysts still flashing Strong Buy signals even with a
$26.5 target? Might be mispriced gold. 👀
🚀 Foxtel’s future? Streaming muscle meets legacy infra. DAZN’s about to juice this thing.
🔄 This isn't just a sale. It’s a pivot.
$NWS is playing offense. Let’s see who wins.