Home / Business and Economy / Blavatnik Bets Big on Dazn With $500M Infusion
Blavatnik Bets Big on Dazn With $500M Infusion
26 Oct
Summary
- Billionaire Leonard Blavatnik pledged 12 more months of Dazn funding.
- An additional $500 million was invested into the sports streaming platform.
- Blavatnik has spent $7.4 billion over a decade building Dazn.
Billionaire Leonard Blavatnik has pledged to underwrite the sports streaming platform Dazn for an additional twelve months. This commitment comes after Blavatnik injected another $500 million into the company.
Over the past decade, the Ukrainian-born businessman, with an estimated net worth of $US35 billion, has invested a significant $US7.4 billion into Dazn.
The platform's ambition is to create a unified ecosystem for sports, integrating broadcasts, betting, merchandise, and ticketing services for fans.
Disclaimer: This story has been auto-aggregated and auto-summarised by a computer program. This story has not been edited or created by the Feedzop team.
