Market Chatter: CBA Among Nine Banks to Back AU$1.8 Billion Loan for DAZN's Foxtel Buy

MT Newswires Live

Jan 23, 2025

Commonwealth Bank of Australia (ASX:CBA) is part of a syndicate of nine banks underwriting a AU$1.8 billion loan to finance DAZN Group's acquisition of pay-television and streaming giant Foxtel from News Corp (ASX:NWS), Bloomberg News reported Thursday, citing unnamed people familiar with the matter.

The financing will support the deal that values Foxtel at AU$3.4 billion, the report said.

Citigroup and Societe Generale SA are also part of the syndicate, with the loan set to enter syndication in the coming weeks, the report added.

CBA did not immediately respond to a request for comment from MT Newswires.

News Corp's shares were up almost 1% in recent Thursday trade.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2505037945"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2505037945\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2505037945?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-01-23 12:43","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2505037945","market":"sg","top_or_hot":-1,"title":"Market Chatter: CBA Among Nine Banks to Back AU$1.8 Billion Loan for DAZN's Foxtel Buy","media":"MT Newswires Live","content":"<html><body><p> <a href=\"https://laohu8.com/S/CBAPJ.AU\">Commonwealth Bank of Australia</a> (ASX:CBA) is part of a syndicate of nine banks underwriting a AU$1.8 billion loan to finance DAZN Group's acquisition of pay-television and streaming giant Foxtel from News Corp (ASX:NWS), Bloomberg News reported Thursday, citing unnamed people familiar with the matter.</p><p>The financing will support the deal that values Foxtel at AU$3.4 billion, the report said.</p><p>Citigroup and <a href=\"https://laohu8.com/S/SCGLF\">Societe Generale</a> SA are also part of the syndicate, with the loan set to enter syndication in the coming weeks, the report added.</p><p>CBA did not immediately respond to a request for comment from MT Newswires.</p><p>News Corp's shares were up almost 1% in recent Thursday trade.</p><p>(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Market Chatter: CBA Among Nine Banks to Back AU$1.8 Billion Loan for DAZN's Foxtel Buy</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMarket Chatter: CBA Among Nine Banks to Back AU$1.8 Billion Loan for DAZN's Foxtel Buy\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2025-01-23 12:43</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> <a href=\"https://laohu8.com/S/CBAPJ.AU\">Commonwealth Bank of Australia</a> (ASX:CBA) is part of a syndicate of nine banks underwriting a AU$1.8 billion loan to finance DAZN Group's acquisition of pay-television and streaming giant Foxtel from News Corp (ASX:NWS), Bloomberg News reported Thursday, citing unnamed people familiar with the matter.</p><p>The financing will support the deal that values Foxtel at AU$3.4 billion, the report said.</p><p>Citigroup and <a href=\"https://laohu8.com/S/SCGLF\">Societe Generale</a> SA are also part of the syndicate, with the loan set to enter syndication in the coming weeks, the report added.</p><p>CBA did not immediately respond to a request for comment from MT Newswires.</p><p>News Corp's shares were up almost 1% in recent Thursday trade.</p><p>(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CBA.AU","symbol_name":"COMMONWEALTH BANK OF AUSTRALIA","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2505037945","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2505037945","pubTimestamp":1737607413,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Commonwealth Bank of Australia  is part of a syndicate of nine banks underwriting a AU$1.8 billion loan to finance DAZN Group's acquisition of pay-television and streaming giant Foxtel from News Corp , Bloomberg News reported Thursday, citing unnamed people familiar with the matter.The financing will support the deal that values Foxtel at AU$3.4 billion, the report said.Citigroup and Societe Generale SA are also part of the syndicate, with the loan set to enter syndication in the coming weeks, the report added.CBA did not immediately respond to a request for comment from MT Newswires.News Corp's shares were up almost 1% in recent Thursday trade.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"CBA.AU":"COMMONWEALTH BANK OF AUSTRALIA","NWS.AU":"NEWS CORP - CLASS B- CDI","BK7135":"综合性银行","BK7038":"出版"},"translate_title":"市场热议：CBA等九家银行将为DAZN收购Foxtel提供18亿澳元贷款","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CBA.AU":1,"NWS.AU":0.9,"CBA":1},"content_text":"Commonwealth Bank of Australia (ASX:CBA) is part of a syndicate of nine banks underwriting a AU$1.8 billion loan to finance DAZN Group's acquisition of pay-television and streaming giant Foxtel from News Corp (ASX:NWS), Bloomberg News reported Thursday, citing unnamed people familiar with the matter.The financing will support the deal that values Foxtel at AU$3.4 billion, the report said.Citigroup and Societe Generale SA are also part of the syndicate, with the loan set to enter syndication in the coming weeks, the report added.CBA did not immediately respond to a request for comment from MT Newswires.News Corp's shares were up almost 1% in recent Thursday trade.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}