Tuesday, 21 September 2021

BT Sport Takeover: DAZN in advanced talks to buy BT Sport, FT says

Story from FT: 

DAZN, the sports streaming service owned by billionaire Sir Leonard Blavatnik, is in advanced talks to buy BT’s sports business.
An agreement between the two companies could be struck within weeks, according to multiple people with direct knowledge of the talks... 

A sale is complicated by a cross-licensing deal that BT has with Sky, meaning the satellite broadcaster has to approve the deal. 

The two companies have held talks over a potential change in ownership. 

BT could still opt to partner with another player on sports broadcasting or keep the business in-house.