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FILE PHOTO: Boxing - Anthony Joshua v Robert Helenius - O2 Arena, London, Britain - August 12, 2023 General view of DAZN branding Action Images via Reuters/Andrew Couldridge.
LONDON/DUBAI - Saudi Arabia's Public Investment Fund 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 on Friday.
"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.
Reuters reported this week that the kingdom's sovereign wealth fund had been in discussions with London-based DAZN to acquire an approximately 10% stake worth $1 billion.
DAZN is a broadcasting partner for several European football leagues, as well as other sports.
(Reporting by Anousha Sakoui; Writing by Rachna Uppal; Editing by Rod Nickel)