Saudi Arabia’s PIF Considering Stake in Sports Streamer Dazn, Sources Say – Reuters

Saudi Arabia’s Public Investment Fund (PIF) is reportedly considering acquiring a stake in DAZN, a sports streaming service. According to sources, the PIF is exploring this potential investment as part of its broader strategy to diversify its assets and invest in the sports and entertainment sector.

DAZN, which offers live and on-demand sports programming, has gained traction in various markets and is looking to expand its offerings. The potential investment from the PIF could provide the platform with additional resources to enhance its services and reach more viewers globally.

This move aligns with Saudi Arabia’s efforts to increase its presence in the global sports arena, as the country has been actively investing in various sports-related initiatives and events in recent years. As discussions progress, the implications for both DAZN and the PIF could be significant, potentially reshaping the landscape of sports broadcasting.

Further details about the discussions or any timeline for potential investment remain undisclosed.