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Access Industries backs DAZN with $4.3bn recapitalization

21st February 2022 10:21 am GMT

Digital sports media specialist DAZN Group has secured new financing arrangements with its principal shareholder Access Industries.

The recapitalization has seen Access subscribe for $4.3bn in new shares of the group’s topco, DAZN Group, converting existing preference shares and retiring shareholder loans.

Access has additionally subscribed for a further $250m of new shares post-recapitalization.

“This backing by Access represents a strong vote of confidence in DAZN’s strategy, progress and future growth opportunities,” said DAZN chairman Kevin Mayer. “We [...]

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