Surj, the sporting arm of Saudi Arabia's PIF, plans to invest $1B in DAZN and a new joint venture with the sports streamer; source: Surj will take a <5% stake
SURJ Sports Investment doesn't just invest for the sake of it. Any deal must add value to the Kingdom and align with its sporting ambitions, not just be a strong Matt Slater / @mjshrimper : In the latest in a series of coincidences, Saudi investment fund SURJ buys 10% of DAZN for $1bn. Perhaps more relevant than trying to work out DAZN's enterprise value is the mention of a DAZN MENA joint venture. Sounds like a better plan than beoutQ. https://www.nytimes.com/... Robert Joyner / @robnashville : This will give DAZN huge beachheads and ubiquity in the Aussie, MENA, and continental European markets... Saudi gets a one stop, worldwide distribution network for their ever growing sporting ventures... See also Mediagazer