News Corp further cuts ties with Betr by selling shares

According to the Australian Financial Review, News Corp sold its stake in Betr, a sports betting startup in Australia, four months after the operator's debut.

Despite being a 47% stakeholder in the project, which is led by Matt Tripp and his TGW company, and an early early investor, the global media conglomerate reportedly sold off its shares as it continues to distance itself from the sportsbook.

 

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News Corp has sold its 47% stake in Betr, an Australian sports betting startup, just four months after its launch. Despite being an early investor, the media giant has reportedly distanced itself from the operator, led by Matt Tripp and his company TGW. The sale marks a significant shift as News Corp exits its involvement with the sportsbook.