DAZN in advance talks over takeover of BT Sport

BT Sport jumps on the news

The BT share price rose on Tuesday after news emerged that DAZN, the sports streaming service, had made a bid for the telecommunications company’s sports channels.

DAZN has entered advanced talks to buy BT Sports in a deal that could be confirmed in the coming weeks, leading the BT share price to climb by 2.7%.

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A spokesperson for BT Sport said all options were on the table as the company continues to explore its options.

The deal would be a huge step for DAZN in its efforts to take-over sports broadcasting.

Despite being founded in London, the company has gained a lot of traction in North America and other regions.

This specific deal would give DAZN access to the coveted rights to Premier League football.

DAZN’s chair Kevin Mayer, a former Disney and TikTok executive, has previously stated his desire to get Premier League football on the platform.

“I would love to see the Premier League on DAZN in the future,” Mayer told a conference. “It’s a huge market, incredibly popular sport, high quality experience, of course we’d want that.”

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