Deals
Len Blavatnik Agrees $4.3 Billion DAZN Recapitalization
- Sports streamer eyes new markets as debt cleared from books
- DAZN recently lost out on brand-boosting Premier League deal
Len Blavatnik
Photographer: Gregg DeGuire/Getty Images
This article is for subscribers only.
Len Blavatnik has agreed a $4.3 billion recapitalization of DAZN, as the billionaire doubles down on his loss-making sports entertainment company and prepares to woo new investors.
Blavatnik’s Access Industries Holdings LLC, DAZN’s principal shareholder, has converted existing preference shares, retired loans and taken new equity in the company. The move clears the debt from the books of DAZN, according to a statement Friday.