Exclusive-Saudi Arabia's PIF eyeing stake in sports streamer DAZN, sources say

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Exclusive-Saudi Arabia's PIF eyeing stake in sports streamer DAZN, sources say - Channel News Asia

Quick Summary:

LONDON : Saudi Arabia's Public Investment Fund is among potential bidders exploring the purchase of a minority stake worth around $1 billion in DAZN, the sports-streaming group backed by billionaire Len Blavatnik, two people with knowledge of the matter said.

It also broadcasts the Saudi Pro League in several territories and the Riyadh Season series of boxing matches, according to its website.

It would be the first streamer of its kind to attract possible investment from PIF, which has poured billions into other high-profile sports such as Formula 1 and golf in recent years.