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Industries
Consumer Software
Entertainment
Company Size
1-10
Company Stage
Growth Equity (Venture Capital)
Total Funding
$804.4M
Headquarters
London, United Kingdom
Founded
2015
DAZN operates a sports streaming service that allows users to watch live and on-demand sports events from around the world. The service is accessible on various devices, providing flexibility for fans to enjoy their favorite sports at their convenience. DAZN's subscription model means users pay a monthly or annual fee for access to a wide range of sports content. What sets DAZN apart from its competitors is its focus on delivering a diverse selection of sports and its commitment to using advanced technology to enhance the viewing experience. The company's goal is to make sports content accessible to a global audience while promoting an inclusive workplace that values equality and diversity.
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Total Funding
$804.4M
Above
Industry Average
Funded Over
2 Rounds
View the latest breaking news and updates from the world of boxing. Find out what we've been up to, stay up to date with DAZN.
SURJ Sports Investment has acquired a minority stake in DAZN for approximately $1 billion (€954 million). The two companies will form a joint venture, DAZN MENA, to enhance sports broadcasting opportunities in Saudi Arabia and expand access to live and on-demand sports content. This partnership aims to democratize elite sports access globally and transform the sports entertainment landscape in the region.
A ambição passa por criar um grupo que ofereça aos assinantes da Dazn o equivalente desportivo ao Spotify enquanto plataforma de streaming de música.
Sports streaming service DAZN is acquiring Australian pay-TV broadcaster Foxtel from its majority shareholder News Corp and minority shareholder Telstra at an enterprise value of US$2.2 billion.
Milestone deal for DAZN's position as the global home of sport.This acquisition establishes DAZN's sports platform in Australia , one of the world's most attractive sports markets.Foxtel Group will leverage DAZN's global reach, industry-leading technology and extensive content portfolio to further enhance the viewing experience for Australian sports fans.LONDON, NEW YORK, and SYDNEY, Dec. 22, 2024 /PRNewswire/ -- DAZN, a world-leading sports entertainment platform, has today announced an agreement to acquire Foxtel Group ('Foxtel') from its majority shareholder News Corp and minority shareholder Telstra at an enterprise value of US$2.2 billion, subject to regulatory approval.The acquisition establishes DAZN as a leader in sports entertainment in Australia – a highly attractive sports market – while also expanding DAZN's global footprint and enhancing the group's standing as the global home of sport. The addition of Foxtel to DAZN brings the Group's pro-forma revenues towards US$6 billion and provides the additional content, expertise, and expansion opportunities to accelerate DAZN's growth trajectory.Foxtel is one of Australia's leading media companies, with 4.7 million subscribers, who will benefit from DAZN's extensive portfolio of sports content, platform technology, and global reach.From its beginnings as Australia's original pay-TV innovator, Foxtel has evolved to become a digital and streaming leader in sports and entertainment and the proposed transaction positions Foxtel for continued expansion as a digital-first, streaming-focused business. Foxtel will maintain its local character, led by the CEO, Patrick Delany, and his world-class management team.DAZN, a sports streaming platform with a truly global reach, is committed to growing the global audience for domestic Australian sports across the 200 territories in which it is available.Under the terms of the transaction, News Corp and Telstra will become minority shareholders in DAZN, enabling them to retain an interest in Foxtel.Shay Segev, Chief Executive Officer of DAZN, said: "Australians watch more sport than any other country in the world, which makes this deal an incredibly exciting opportunity for DAZN to enter a key market, marking another step in our long-term strategy to become the global home of sport. Foxtel is a successful business that has undergone a remarkable digital transformation in recent years, and we are confident that our global reach and relentless pursuit of innovation will continue to drive the business forward and ensure long-term success."We are committed to supporting and investing in Foxtel's television and streaming services, across both sports and entertainment, using our world-leading technology to further enhance the viewing experience for customers. We are also committed to using our global reach to export Australia's most popular sports to new markets around the world, and we will continue to promote women's and under-represented sports."We're looking forward to working closely with Patrick Delany and his team, as well as News Corp and Telstra as shareholders in DAZN, to realise our ambitious vision for the future of sport entertainment."Siobhan McKenna, the Chairman of Foxtel, said the agreement with DAZN was international recognition of the transformation of Foxtel from an incumbent pay TV operator to a sports and entertainment digital and streaming leader
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Industries
Consumer Software
Entertainment
Company Size
1-10
Company Stage
Growth Equity (Venture Capital)
Total Funding
$804.4M
Headquarters
London, United Kingdom
Founded
2015
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