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Foxtel’s $3.4b sale a bet on a billionaire, not a deal of the decade

There’s much more to the pay TV and streaming provider’s ownership change than the headline price. Now Saudi Arabia is involved.

We’ve heard a few times over the summer that Foxtel owners News Corp and Telstra got one of the deals of the decade.

Couldn’t float it, couldn’t sell it, couldn’t get funding, shareholders at war, little to no growth, under threat from global streaming giants – then they pulled the rabbit out of the hat.

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Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com

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    Original URL: https://www.afr.com/chanticleer/foxtel-s-3-4b-sale-a-bet-on-a-billionaire-not-a-deal-of-the-decade-20250115-p5l4gh