News Corp and partner Telstra sold their interest in the Foxtel subscription TV and streaming service to DAZN Group.

News Corp and Australian telecom company Telstra have agreed to sell their jointly owned pay television company, Foxtel, to sports streaming service DAZN Group in a deal that values Foxtel at around US$2.

By Scott Murdoch, Anousha Sakoui and Chandini Monnappa SYDNEY (Reuters) -News Corp has agreed to sell its Australian cable-TV unit Foxtel to British-owned sports network DAZN for A$3.4 billion ($2.1 billion) including debt,