Chanticleer
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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