A London-headquartered global sports streaming platform backed by billionaire Len Blavatnik is a potential suitor for News Corporation’s majority stake in local pay television platform Foxtel.

DAZN was founded in 2016 and is trying to build a global streaming platform like Netflix, but one that specialises in sports. It has been expanding aggressively, making a series of acquisitions and scooping up the broadcast rights to major sporting events all over the world including for top European football tournaments such as the Premier League and Spain’s La Liga.