DAZN: owner Len Blavatnik (USA-UK) seeks to sell off shares (press)

The American-British businessmen Len Blavatnik, owner of the OTT sports platform DAZN, is seeking to sell part of his shares (preferred option), or even all of them, according to the Financial Times on 23/05/2020.

The value of DAZN was estimated at £3bn (€3.36bn) in March 2018 when the Japanese advertising group Dentsu acquired 10% of the shares for £300m, according to the Financial Times, which adds that the business value today would be lower. The total commitments in terms of the sporting rights portfolio of DAZN would be £3.7bn (€4.15bn) according to the British research firm Enders Analysis.

DAZN, which was seeking to raise $500m (€442m), is present in nine countries (Austria, Switzerland, Japan, Canada, Germany, Italy, Spain, Brazil, the United States and the United Kingdom), as of 02/04/2020, where it owns multi-sport broadcasting rights in each of these territories. The platform had planned to expand to more than 200 countries and territories (including France) from 02/05/2020, with Mexican boxer Canelo Alvarez's next fight initially scheduled for that date.

DAZN offers…