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Dazn Group Ltd., the sports-streaming service backed by billionaire Len Blavatnik, has revived talks to raise new funding after spending heavily on its global expansion, people with knowledge of the matter said.

The U.K.-based company is speaking with advisers about options including a stock market listing or divestment of assets, according to the people, who asked not to be identified because the information is private. It is seeking to raise as much as $1 billion (¥106 billion), one of the people said.

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