Amazon, Disney & DAZN Reportedly Circling Sale Of Premier League Broadcaster BT Sport
By Jake KanterApril 29, 2021 12:33am
Amazon, Disney, and sports streamer DAZN are reportedly circling a sale of BT Sport, the British broadcaster that holds rights to blue-chip sports events including the Premier League and Champions League.
The Daily Telegraph reported late Wednesday that UK telecoms giant BT has engaged investment bank Lazard to explore a partial sale of its sports television arm as the £16 billion ($22B) company increases its focus on broadband. The Financial Times also corroborated the story.
On Thursday morning, BT confirmed the plans. In a statement, it said: “Further to media reports, BT can confirm that early discussions are being held with a number of select strategic partners, to explore ways to generate investment, strengthen our sports business, and help take it to the next stage in its growth. The discussions are confidential and may or may not lead to an outcome.”
Amazon, Disney & DAZN Reportedly Circling Sale Of Premier League Broadcaster BT Sport
Amazon, Disney, and sports streamer DAZN are reportedly circling a sale of BT Sport, the British broadcaster that holds rights to blue-chip sports events including the Premier League and Champions …
deadline.com