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.
Dazn is in the early stages of considering an initial public offering, the people said. It’s also held talks about going public through a deal with a so-called special purpose acquisition company, or SPAC, and has discussed selling a stake in its Japanese business, one of the people said.