DAZN’s global leader Shay Segev has dismissed rumours the sports streaming giant was looking to sell Foxtel less than two years after acquiring the business.
A report in the Australian Financial Review last week said DAZN had held informal talks with Tabcorp and its chief executive Gillon McLachlan although no price had been discussed.
Segev sent Foxtel staff an email this week to clarify that Foxtel is not up for sale.
“You might have seen some coverage over the weekend speculating about Tabcorp buying Foxtel from DAZN,” Segev said.
“DAZN’s expansion into Australia through the acquisition of Foxtel is a successful showcase of our strategy to “expand globally while operating locally.
“We are extremely pleased with how the businesses have been integrated and how they are performing.
“DAZN is not looking to sell Foxtel. Quite the opposite — we are investing in the business and its future growth. Australia is a core market for DAZN and an important part of our long-term global strategy.”
Recently, Foxtel secured the bulk of NRL and NRLW TV rights for another eight years at an annual cost of around $520 million. It will show every match of the NRL regular season and
The other NRL TV broadcaster is the AFR’s parent company, Nine, which is paying $145 million each year to show three NRL matches per week, the State of Origin series and NRL grand final.
