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entertainment media/telecom

​​Billionaire Agrees to $4.3 Billion Recapitalization of DAZN

By
Mark Di Stefano
· · Source: The Information

Billionaire Len Blavatnik has agreed to a $4.3 billion recapitalization of DAZN, injecting more of his vast personal fortune into the loss-making sports-streaming service best-known for airing boxing fights and European football. In a statement on Friday, DAZN said Blavatnik had injected new equity into the company, while also converting existing shares and retiring shareholder loans. The...

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