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Sports Streamer DAZN Explores Raising as Much as $1 Billion
- Blavatnik’s sports broadcaster holds talks with advisers
- CEO previously said DAZN would welcome strategic partners
DAZN has held conversations with potential advisers about raising capital and could move forward with a process as soon as the coming months.
Photographer: Marco Bertorello/AFP/Getty ImagesDAZN Group Ltd., the sports streaming platform backed by billionaire Len Blavatnik, is exploring ways to raise fresh funding as it seeks to accelerate its global expansion, people familiar with the matter said.
London-based DAZN has held early conversations with potential advisers about raising capital and could move forward with a process as soon as the coming months, the people said. It’s considering raising as much as $1 billion, one of the people said, asking not to be identified discussing private information.