Earlier this week, several media outlets reported that PIF is in talks to acquire an approximately 10% stake worth $1bn in the company.
Saudi Arabia’s Public Investment Fund (PIF) is not currently in talks to buy a stake in DAZN, the sports-streaming group backed by billionaire Len Blavatnik, PIF said in a statement.
“Various media outlets have reported that PIF is in talks to acquire a stake in DAZN. PIF is not currently engaged in discussions with DAZN on this matter and has no current plans to invest in the company,” a spokesperson for PIF said.
Earlier this week, Reuters had reported that the kingdom’s sovereign wealth fund had been in discussions with London-based DAZN to acquire an approximately 10% stake worth $1bn.
