dazn expands its range.
Sports Entertainment Platform dazn He handles the international sports media business for the Eleven Group. The sports channel announced this Tuesday morning, everything is already clear between the two companies, but the acquisition is still to be examined under antitrust law.
DAZN Million Dollar Deal
Purpose of the deal: The acquisition of Eleven Sports is expected to increase DAZN’s annual revenue by 300 million euros. It was initially unknown how much DAZN would cost the acquisition.
The company announced on Tuesday that the agreement will increase production capacity in the live sports broadcasting segment. As a result of the acquisition, DAZN will become the broadcaster of football leagues in Portugal and Belgium. Shee Segev, President of DAZN: “The acquisition gives our business more leverage.”
DAZN has acquired Eleven Sports
Who is Eleven Sports?
Founded in 2015, the UK-based company is a multinational group of sports television channels primarily focused on acquiring sports rights in smaller countries. Eleven Sports is active with its own channels in Belgium, Italy, Luxembourg, Poland, Portugal, Singapore, Taiwan and the United States.
The founder of the company is Andrea Radrizzani, who will become part of the board of directors of DAZN after the conclusion of the agreement.
Radrizzani, who also owns Leeds United, said of the acquisition: “We have built a successful sports media company with Eleven over the past six years, and we are delighted that this journey continues. The merger will give us greater opportunities as a group to continue building a global destination for sports fans, which has been our mission since First day “.
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