(Reuters) – Australian pay television company Foxtel, controlled by the Murdoch family and partly by local telecom firm Telstra, has been put up for sale post third-party interest and a strategic review, owner News Corp said on Thursday.
Foxtel, which recently launched streaming service Hubbl, is 65% owned by News Corp, while Telstra holds the remaining 35%.
“The company is assessing strategic and financial options for the Foxtel Group, including its capital structure and assets,” News Corp said in its earnings release.
Foxtel has been focusing on gaining more streaming rights by building sports network Kayo and video subscription service Binge. A potential sale of the company would pave the way for content deals, sports streaming rights and more.
Telstra did not immediately respond to a Reuters request for comment.
(Reporting by Rishav Chatterjee in Bengaluru; Editing by Shilpi Majumdar)
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