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Top related persons:
Rupert - 1 Len Blavatnik - 1 ” - 1 DAZN - 1 Shay Segev - 1 Paul Budde - 1 “ - 1 Robert Thomson - 1
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DAZN London North America Europe Asia Ukrainian
Top related orgs:
Rupert Murdoch’s News Corp - 1 Foxtel - 1 British - 1 News Corp - 1 Italy’s Serie - 1 Germany’s Bundesliga - 1 Ligue - 1 Netflix - 1

Search resuls for: "Australia’s Foreign Investment"


2 mentions found


☆ Murdoch’s News Corp to sell Australian unit Foxtel to Britain’s DAZN for $2 billion
  + stars: | 2024-12-23 | by ( ) edition.cnn.com   time to read: +3 min
Rupert Murdoch’s News Corp has agreed to sell its Australian cable TV unit Foxtel to British-owned sports network DAZN for 3.4 billion Australian dollars ($2.1 billion) including debt, cutting the media empire’s exposure to a business upended by streaming platforms. DAZN is a broadcasting partner for Italy’s Serie A, Spain’s LaLiga, Germany’s Bundesliga and France’s Ligue 1. News Corp owns 61.4% of online real estate platform REA Group and is the parent company of publisher HarperCollins. Given the overseas ownership of DAZN, the transaction will need to be cleared by Australia’s Foreign Investment Review Board (FIRB). ASX-listed shares of News Corp climbed 3.5% Monday, outperforming a 1.6% rise in the broader market.
Persons: Rupert, Len Blavatnik, ”, DAZN, Shay Segev, Paul Budde, “, Robert Thomson, Dow Jones Organizations: Rupert Murdoch’s News Corp, Foxtel, British, News Corp, Italy’s Serie, Germany’s Bundesliga, Ligue, Netflix, Australian Football League, National Rugby League, ESPN, ” News, Dow, HarperCollins, Australia’s Foreign Investment, Board, Access Industries, Australia’s Treasury Locations: DAZN, London, North America, Europe, Asia, Ukrainian
☆ Australian gold miner Newcrest backs Newmont’s $17.8 billion offer
  + stars: | 2023-05-17 | by ( ) edition.cnn.com   time to read: +2 min
Sydney Reuters —Australian gold miner Newcrest Mining said on Monday it would back Newmont A$26.2 billion ($17.8 billion) takeover offer in one of the world’s largest buyouts so far this year. Newcrest (NCMGF) shareholders would receive 0.400 Newmont share for each share held, with an implied value of A$29.27 a share, higher than a previous exchange ratio of 0.380 that Newcrest (NCMGF)’s board rejected in February. “This transaction will combine two of the world’s leading gold producers, bringing forward significant value to Newcrest shareholders through the recognition of our outstanding growth pipeline,” said Newcrest Chairman Peter Tomsett. Newcrest shareholders will be able to choose to receive New York Stock Exchange-listed Newmont shares or Australian-listed CHESS Depository Instruments (CDIs) as payment. The deal requires Australia’s Foreign Investment Review Board (FIRB) approval as well as Newcrest and Newmont shareholders to vote in support the transaction, among other regulatory requirements.
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