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LONDON , NEW YORK , and SYDNEY , Dec. 22, 2024 /PRNewswire/ -- DAZN , a world-leading sports entertainment platform, has today announced an agreement to acquire Foxtel Group (' Foxtel ') from its majority shareholder News Corp and minority shareholder Telstra at an enterprise value of US$2.2 billion , subject to regulatory approval. The acquisition establishes DAZN as a leader in sports entertainment in Australia – a highly attractive sports market – while also expanding DAZN's global footprint and enhancing the group's standing as the global home of sport. The addition of Foxtel to DAZN brings the Group's pro-forma revenues towards US$6 billion and provides the additional content, expertise, and expansion opportunities to accelerate DAZN's growth trajectory. Foxtel is one of Australia's leading media companies, with 4.7 million subscribers, who will benefit from DAZN's extensive portfolio of sports content, platform technology, and global reach. From its beginnings as Australia's original pay-TV innovator, Foxtel has evolved to become a digital and streaming leader in sports and entertainment and the proposed transaction positions Foxtel for continued expansion as a digital-first, streaming-focused business. Foxtel will maintain its local character, led by the CEO, Patrick Delany , and his world-class management team. DAZN, a sports streaming platform with a truly global reach, is committed to growing the global audience for domestic Australian sports across the 200 territories in which it is available. Under the terms of the transaction, News Corp and Telstra will become minority shareholders in DAZN, enabling them to retain an interest in Foxtel. Shay Segev , Chief Executive Officer of DAZN, said: "Australians watch more sport than any other country in the world, which makes this deal an incredibly exciting opportunity for DAZN to enter a key market, marking another step in our long-term strategy to become the global home of sport. Foxtel is a successful business that has undergone a remarkable digital transformation in recent years, and we are confident that our global reach and relentless pursuit of innovation will continue to drive the business forward and ensure long-term success. "We are committed to supporting and investing in Foxtel's television and streaming services, across both sports and entertainment, using our world-leading technology to further enhance the viewing experience for customers. We are also committed to using our global reach to export Australia's most popular sports to new markets around the world, and we will continue to promote women's and under-represented sports. "We're looking forward to working closely with Patrick Delany and his team, as well as News Corp and Telstra as shareholders in DAZN, to realise our ambitious vision for the future of sport entertainment." Siobhan McKenna , the Chairman of Foxtel , said the agreement with DAZN was international recognition of the transformation of Foxtel from an incumbent pay TV operator to a sports and entertainment digital and streaming leader. "Over the last seven years the Foxtel team, with the strong support of News, have achieved an extraordinary turnaround in an intensely competitive environment." Foxtel Group CEO, Patrick Delany , said: "Today's announcement is a natural evolution for the Foxtel Group, having reinvented the company over the past five years as Australia's most dynamic technology-led streaming company. "Kayo and Foxtel provide Australian sports fans with access to the best Australian and international sport and shows, including AFL, NRL and Cricket with 4.7 million subscribers. "We are excited by DAZN's commitment to the Australian market. They are experts in the sports media business and can play a significant role in supporting Foxtel as the business grows its streaming capabilities, bringing a bigger and better service to customers across entertainment, news and sport. They are a perfect match for us as we look toward this next era of growth. "We have been grateful for the support of News Corp while we reimagined the future of Foxtel. In 2019, when we merged Foxtel and Fox Sports we had many people questioning our future. "After launching Kayo later in 2019 and BINGE in 2020, today we are the largest Australian-based streamer of sport and entertainment, we have stabilised our Foxtel base and launched Hubbl to help consumers find all the streamed content they love all in one place. This wouldn't have been possible without the support and encouragement of News Corp." NOTES TO EDITORS About DAZN As a world-leading sports entertainment platform, DAZN streams over 90,000 live events annually and is available in more than 200 markets worldwide. DAZN is the home of European football, women's football, boxing and MMA, and the NFL internationally. The platform features the biggest sports and leagues from around the world – Bundesliga, Serie A, LALIGA, Ligue 1, Formula 1, NBA, Moto GP, and many more including the 2025 FIFA Club World Cup. DAZN is transforming the way people enjoy sport. With a single, frictionless platform, sports fans can watch, play, buy, and connect. Live and on-demand sports content, anywhere, in any language, on any device – only on DAZN. DAZN partners with leading pay-TV operators, ISPs and Telcos worldwide to maximise sports exposure to a broad audience. Its partners include Deutsche Telekom, Orange, Sky, Movistar, Telenet, Vodafone, and many more. DAZN is a global, privately-owned company, founded in 2016, with more than 3,000 employees. The Group generated $3.2bn in revenue in 2023, having grown its annual revenues by over 50% on average from 2020 to 2023, through diverse revenue streams comprising subscriptions, advertising, sponsorship, and transactional. For more information on DAZN, our products, people, and performance, visit www.dazngroup.com . About Foxtel The Foxtel Group is one of Australia's leading media companies with 4.7 million subscribers. Its businesses include subscription television, streaming, sports production and advertising. The Foxtel Group is owned 65% by News Corp and 35% by Telstra. The Foxtel Group's diversified business includes Fox Sports, Australia's leading sports production company, famous for live sports and shows with the best commentators and personalities. It is also the home of local and global entertainment content and continues to be the partner of choice for the widest range of sports and international content providers based on established, long-term relationships, growing streaming audiences, and position as the largest Australian-based subscription television company. View original content: https://www.prnewswire.com/news-releases/dazn-advances-global-expansion-with-acquisition-of-foxtel-a-leading-australian-sports-and-entertainment-media-group-302337994.html SOURCE DAZN
Lions vs. Bears, Buccaneers vs. Cowboys predictions: NFL Week 16 odds, picksWearable Devices Ltd. (NASDAQ:WLDS) Sees Significant Decline in Short Interest
Hailey Welch Releases Statement After Meme Coin Fiasco By , also known as “Hawk Tuah girl,” first found fame through her popular catchphrase “Hawk Tuah.” However, she drew widespread criticism following the collapse of her cryptocurrency , $HAWK, resulting in a multi-million dollar loss for the investors. She has now released a statement on the fiasco, promising full cooperation. Hailey Welch’s statement about meme coin explained Hailey Welch, who became known as “Hawk Tuah girl” after a viral clip circulated online in June 2024, took to X (formerly Twitter) to the rapid crumbling of $HAWK. She launched the coin on December 4 on the Solana blockchain. It reportedly experienced an immediate surge, reaching a market capitalization of $491 million before undergoing a severe 95% drop shortly after. “I take this situation extremely seriously and want to address my fans, the investors who have been affected, and the broader community,” Welch posted on X on Friday, December 20. “I am fully cooperating with and am committed to assisting the legal team representing the individuals impacted, as well as to help uncover the truth, hold the responsible parties accountable, and resolve this matter.” Welch proceeded to ask those who have sustained financial losses because of $HAWK to contact the law firm Burwick PLLC. Per , the firm has claimed that it does not represent Welch, underscoring its objective to gain compensation for the impacted parties and arrive at the best possible outcome. On December 4, Hailey Welch, a.k.a. “Hawk Tuah girl,” on X that her “team hasn’t sold one token and not 1 KOL was given 1 free token.” However, a community note refuting her statement has since been added to the post. Some observers have alleged that the drop happened due to the actions of the snipers, parties that acquire a significant portion of the tokens when they go public. $HAWK’s creators now face a lawsuit in New York from investors demanding more than $150,000 in damages, according to the above-mentioned Binance report. Notably, besides her prominent presence on social media, Hailey Welch, also known as “Hawk Tuah girl,” hosts the Talk Tuah podcast, which is backed by Jake Paul’s media company, Betr. Entertainment and pop-culture writer at ComingSoon. In his spare time, Tamal dreams of dragons. Share article
INVESTIGATION NOTICE: Kaskela Law LLC Announces Shareholder Investigation of Zuora, Inc. (NYSE: ...THE Southern Philippines Medical Center (SPMC) has signed a Memorandum of Agreement (MOA) with the University of the Philippines-Mindanao (UP-Mindanao) to establish a medical school, with SPMC serving as its base hospital. Dr. Ricardo Audan, SPMC Medical Center Chief, shared the news during the Kapehan sa Dabaw on December 16, 2024, at SM City Davao. He confirmed that the medical school is set to open by August or October 2024. The MOA was signed on November 13, 2024, by UP Mindanao Chancellor Lyre Anne Murao and witnessed by UP Vice President for Academic Affairs Dr. Leo Cubillan, as well as SPMC Chief Training Officer Dr. Maria Elinore Alba-Concha. The initiative follows UP President Angelo Jimenez's April 2023 announcement about establishing Mindanao's first medical school. The new medical school will complement a hospital being built at the UP Mindanao Mintal campus, located on a 3.28-hectare plot. Jimenez noted that the School of Medicine at UP Mindanao aims to address the region’s low doctor-to-population ratio. Although improvements have been made, Davao City’s Health Office reported in 2022 that there is still one doctor for every 50,000 people in some health districts—far lower than Metro Manila's 1:15,300 ratio. The new medical school will offer a full range of courses, similar to other major universities in Mindanao. UP-Mindanao’s Mintal campus also offers various undergraduate programs in Biology, Computer Science, Applied Mathematics, Food Technology, Agribusiness Economics, Anthropology, and Communication Arts. RGP
India, Kuwait unequivocally condemn terrorism in all its forms
Referring to challenges on the northern and western borders, defence minister Rajnath Singh on Sunday urged soldiers to stay vigilant against both internal and external enemies, who he said are always active. Besides the external threats, the defence minister said that the country also faces challenges on the internal fronts. "In such a situation, we cannot be reluctant at all. Our enemies, whether external or internal, are always active. In such a situation, we will have to keep a close eye on their activities and take timely and effective steps against them," Mr Singh said at the Army War College (AWC) in Mhow cantonment, 25 km from Indore, Madhya Pradesh. Mr Singh, accompanied by Chief of the Army Staff General Upendra Dwivedi and other senior officers of the Indian Army, was on a visit to the three premier training institutes of the Indian Army — the AWC, the Infantry School and the Military College of Telecommunication & Engineering (MCTE) –- in Mhow. During the visit, he lauded the contribution of the training institutions of the Indian Army in making the personnel proficient in military strategies and skills of warfare. The defence minister was briefed by the officiating Commandant on the establishment of the Advanced Incubation and Research Centre and the various MoUs towards enabling absorption and transformation of technologies. Mr Singh visited the Army Marksmanship Unit to witness their contribution towards national sports. He also visited the Infantry Museum, where he was briefed on the history of the Infantry as well as the induction of modernised equipment into the Infantry. The defence minister also interacted with all ranks of the three institutes during the Barakhana organised at the AWC. Addressing the troops, he commended the courage and vigilance of the Indian Army personnel in safeguarding the borders and ensuring national security. "Your dedication and devotion to duty are an inspiration to all of us. It is due to your hard work and commitment that our country and its borders are becoming increasingly secure and strong," he said. Mr Singh asserted that Prime Minister Narendra Modi-led government’s aim is to make India a developed & self-reliant nation by 2047 and the armed forces will play a crucial role in achieving this goal. "You are the protectors of our borders and the forerunners in nation building. I am sure that you will continue securing our borders with courage & dedication and contribute to realising the vision of Viksit Bharat by 2047," he said. Earlier in the day, Mr Singh visited the Bhim Janm Bhoomi, a memorial dedicated to B.R. Ambedkar in Mhow and paid homage to the Bharat Ratna and the architect of the Indian Constitution at his birthplace. He described B.R. Ambedkar as an epitome of selfless service, who dedicated his life to social equality and empowerment.The world of gaming is constantly evolving, and recent developments suggest that Tesla might be steering it in a groundbreaking direction. As Tesla’s stock prices soar, there’s increasing buzz about the company’s innovative technology which merges the world of automobiles with that of video gaming. This trend aligns perfectly with Tesla’s mission to redefine not only how we travel but also how we entertain ourselves on the go. Gaming enthusiasts and investors alike are buzzing with excitement about Tesla’s introduction of in-car gaming platforms . Equipped with state-of-the-art hardware, Tesla vehicles now allow passengers to play high-fidelity video games while parked or charging. This leap in technology could change the gaming landscape, creating a new market for game developers to tap into. Furthermore, Tesla’s recent advancements in autonomous driving technology hint at a future where immersive gaming could become a regular part of road trips. Imagine engaging in an epic gaming session while autopilot technology navigates the roads — a fusion of utility and entertainment that seemed like science fiction until now. With Tesla poised to pioneer an unprecedented integration of gaming and transportation, the future of gaming may soon involve the open road as much as the living room. The rising Tesla stock prices reflect these innovations’ potential impact, indicating investors’ confidence in this uncharted territory. As technology continues to evolve, could Tesla’s stock be the next game changer for the gaming industry? Is Tesla the Future of Gaming? Exploring the Impact of In-Car Entertainment Innovations The integration of gaming and automotive technology is accelerating at a rapid pace, with Tesla leading the charge in innovating this dynamic fusion. With the company’s rise in stock prices reflecting its forward-thinking ventures, let’s dive into how Tesla’s groundbreaking integration of gaming and transportation could reshape both industries. Immersive In-Car Gaming: A New Frontier for Game Developers One of Tesla’s standout innovations has been its in-car gaming platforms, providing gamers with high-fidelity experiences while on the move. These platforms are equipped with advanced hardware capable of running complex video games. But what does this mean for game developers? New Opportunities for Developers: The advent of in-car gaming opens a fresh market segment. Developers can create customized games that take advantage of Tesla’s unique interface and high-performance environment, potentially leading to exclusive content partnerships. Games could be specifically designed for short bursts of entertainment during a charge or a more extended session while the vehicle is parked. Autonomous Driving and Gaming: A Road Trip Fantasy? Tesla’s advancements in autonomous driving technology suggest a future where vehicles may handle both navigation and entertainment. Imagine a scenario where passengers could engage in immersive gaming experiences while the car’s autopilot ensures a smooth journey. This concept presents several intriguing possibilities: Pros and Cons: – Pros: – Enhanced trip enjoyment for passengers. – Potentially safer driving with reduced driver distraction if passengers are solely focused on gaming. – Cons: – Requires rigorous safety protocols to prevent misuse. – Autopilot technology needs to meet high reliability standards to win consumer trust. Market Analysis: Tesla’s Role as a Game Changer Tesla’s stock price surge hints at the market’s confidence in these innovative pursuits. The company’s push into gaming is viewed as a savvy move to diversify its entertainment offerings, providing an edge in the competitive automotive industry. Insights and Trends: – Growing Consumer Demand: There’s a rising trend towards multi-functional vehicles that serve as more than just a means of transport. – Collaborations: Game developers may seek partnerships with Tesla to reach a unique customer base, leading to a surge in Tesla-specific or optimized gaming titles. Security Aspects and Limitations The integration of gaming systems within vehicles is not without its challenges. Addressing security concerns, such as the risk of hacking into core vehicle systems via the gaming interface, is critical. Tesla’s ability to provide robust cybersecurity measures will play a crucial role in consumer acceptance. Current Limitations: – In-car gaming is largely limited to periods when the vehicle is stationary or charging, reducing gameplay flexibility. – Network connectivity may affect game performance, particularly in remote or less serviced areas. Sustainability and Future Predictions Tesla’s focus on merging technology with clean energy principles raises the question of sustainability in entertainment. By offering gaming features during charging sessions, Tesla encourages users to spend time engaging with their vehicles in an environmentally conscious manner. Predictions: – Expect more collaborations between automakers and tech companies aimed at enhancing in-car entertainment. – The further evolution of Tesla’s autopilot system could see autonomous travel, paired with gaming, become the norm for long-distance travelers by the mid-2030s. As we look towards a future where the boundaries between transportation and entertainment continue to blur, Tesla remains at the forefront of this exciting journey. For more insights into Tesla’s innovative technological pursuits, visit the official Tesla website.Temples in Hyderabad to boost security, cleanliness: Police
Americans are exhausted by political news. TV ratings and a new AP-NORC poll show they’re tuning out
Century-old department store Nordstrom has agreed to be acquired and taken private by Nordstrom family members and a Mexican retail group in a $6.25 billion deal with the industry being squeezed by discount chains and other competition. Public companies are under a lot more scrutiny and if private, the Nordstrom may have more leeway in reviving a department store chain that has been attempting to reinvigorate sales for years. Nordstrom shareholders will receive $24.25 in cash for each share of Nordstrom common stock, or about $4 billion in all, representing a 42% premium on the company's stock as of March 18, when reports of a potential transaction was reported by the media. The acquiring group will also pick up more than $2 billion in Nordstrom debt. The traditional department stores have suffered in the face of withering competition from giants like Walmart and Target, as well as a host of fast-fashion bands and Amazon.com . Nordstrom rivals Macy's and Kohl's have been pressured by major investors to make huge changes in order to return more profit to shareholders. Sales at Nordstrom have essentially flatlined over the past decade or so and it announced last year that it was closing all of its Canadian stores and cutting 2,500 jobs as it winds down operations in the country. Nordstrom first announced plans to expand to Canada in 2012 and opened its first store in Calgary at CF Chinook Centre in September 2014. The offer announced Monday tops the previous $23-per-share bid that the Nordstrom family and Mexican retail group, El Puerto de Liverpool, made in September. The board also plans to authorize a special dividend of up to 25 cents per share, based on Nordstrom’s cash on hand immediately prior to and contingent on the close of the transaction. The deal is expected to close in the first half of 2025, at which time the company's shares will no longer trade publicly. “While a change in ownership does not automatically remedy all of the problems with the department store operation, it will allow the family and their backers to take a long-term view of the business and make necessary investments and changes away from the short-term scrutiny of public markets,” wrote Neil Saunders, Managing Director of GlobalData, in a note to clients. Nordstrom’s board of directors unanimously approved the the proposed transaction, with members Erik and Pete Nordstrom, part of the Nordstrom family taking over the company — recusing themselves from that vote. Following the close of the transaction, the Nordstrom family will have a majority ownership stake in the company. Erik and Pete Nordstrom are the fourth-generation leadership at the Seattle retailer, which was founded in 1901 as a shoe store. Erik is the company’s chief executive and Peter is president. After opening 23 new stores so far this year, the company now operates a combined 381 Nordstrom and Nordstrom Rack stores in the U.S. Nordstrom shares fell about 1.5% Monday, but they are up 34% this year on rumors of a family takeover. The company's stock is still down considerably from post-pandemic highs above $40 per share. In May of this year, Bruce Nordstrom, a retail executive who helped expand his family’s Pacific Northwest department store chain into an upscale national brand, died at age 90 . He was one of several Nordstrom family members who in 2017 made a push to take the company private, proposing to buy out the 70% of the department store’s stock they didn’t already own. Those talks failed in 2018 but earlier this year, his sons started another series of buyout negotiations , leading to Monday's announcement.
