ELEVEN Group joins sports streamer DAZN

Share post:

DAZN, a streaming sports video platform, has announced an agreement to acquire the global sports media businesses of ELEVEN Group to expand its portfolio of rights, which includes the top soccer leagues in Portugal and Belgium. The deal’s terms were not disclosed.

DAZN, which has spread to more than 200 countries, said the deal would complement its brand in Italy, where it won the rights to broadcast Serie A live games with a 2.5 billion euro ($2.7 billion) bid, the German-speaking markets and Spain, where it already has top-notch national football rights, as well as Taiwan and other Southeast Asian markets.

Team Whistle, a provider of short-form original social media content, is also part of the deal, which DAZN says will generate around $300 million in revenue per year.

DAZN Group CEO Shay Segev stated that the acquisition is a significant step in the company’s mission to become the leading global sports platform and Andrea Radrizzani, founder of ELEVEN, will join the DAZN Board of Directors upon completion of the transaction.

The sources for this piece include an article in Reuters.

SUBSCRIBE NOW

Related articles

VMWare revenue drops by $600 million but Broadcom assures investors growth plan is on track

In its first full quarter under Broadcom's ownership, VMware's revenue fell by $600 million, dropping to $2.7 billion....

Apple faces backlash over recent ads

Apple is currently facing significant public backlash due to a controversial advertisement featuring a hydraulic press crushing various...

 Google executives face employee concerns amid profitsurge

At a recent all-hands meeting, Google employees voiced significant concerns regarding morale, cost-cutting measures, and the impact of...

Spotify CEO confesses to “rough times after layoffs” – stock price rises

In December, Spotify CEO Daniel Ek announced the largest round of layoffs in the company's history, cutting 1,500...

Become a member

New, Relevant Tech Stories. Our article selection is done by industry professionals. Our writers summarize them to give you the key takeaways