News Corp in “active discussions” over Foxtel sale
November 11, 2024
News Corp has confirmed that it is in “active discussions” over the sale of Foxtel, its Australian pay-TV unit, as the media group looks at ways to free the full value of all its assets.
It ws first reported in August that News Corp was considering offloading Foxtel.
Robert Thomson, CEO at News Corp told analysts during a briefing: “We continue to examine changes to maximise our overall value for shareholders.”
“It is true to say we are in active discussions over the future of Foxtel, and we believe all who have studied the worth of our individual assets and our current share price can easily see that that price does not reflect the collective value of our businesses,” he added.
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