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Billionaire Len Blavatnik Seeks to Raise $500 Million for DAZN

  • Goldman Sachs is helping subscription service obtain funds
  • Streaming service has spent billions acquiring sports rights
Len Blavatnik
Len BlavatnikPhotographer: Dimitrios Kambouris/Getty Images

DAZN, a sports streaming service owned by billionaire Len Blavatnik and led by former ESPN President John Skipper, is seeking to raise at least $500 million, according to people familiar with the matter.

The funds will mostly likely be used to support DAZN’s expansion efforts. The subscription service launched in Germany and Japan in 2016, entered the U.S. market in 2018 and now operates in nine countries. Earlier this year, the company doubled its monthly price in the U.S. to $20.