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    BT.A   GB0030913577

BT GROUP PLC

(BT.A)
  Report
Delayed Quote. Delayed London Stock Exchange - 10/15 11:35:26 am
140.6 GBX   -0.21%
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BT : DAZN in advanced talks to buy BT Sport, FT says

09/21/2021 | 08:07am EDT
FILE PHOTO: A BT Sport logo is displayed in an office in the City of London

LONDON, Sept 21 (Reuters) - DAZN, the sports streaming service owned by billionaire Len Blavatnik, is in advanced talks to buy the sports television unit of Britain's BT to gain content including English Premier League soccer, the Financial Times said on Tuesday.

DAZN Chairman Kevin Mayer said last week he was "possibly" interested in BT Sport, telling a TV industry conference that he would "love to have EPL (Premier League) ultimately" and BT Sport was a "great business."

A BT spokesperson said the company was continuing to explore options for BT Sport, and all possibilities remained on the table, including a total or partial sale or retaining the business.

A spokesperson for DAZN declined to comment.

A source close to the negotiations said a deal was "not at the line yet," given the complexity of the rights and agreements involved, such as a reciprocal partnership with BT's rival Sky.

BT said in April it had put the unit on the block, and had appointed Lazard to explore options.

DAZN was high on analysts' lists of likely bidders, alongside broadcasters including Disney and ITV.

In a blow to Sky Italia, DAZN in March secured the right to screen all Serie A soccer matches in Italy for the next three seasons for 2.5 billion euros ($3 billion).

The company is under fire, however, about its service. Some users have complained about interruptions to streams, and the national communications authority is monitoring DAZN's pledge to boost its infrastructure.

BT spent billions of pounds on Premier League and Champions League rights for BT Sport to take on Britain's dominant sports broadcaster Sky.

The company said in May that BT Sport had a clear market position and was performing well. But with its focus turning to building its fiber network, it was exploring options to continue growing the unit. (Reporting by Paul Sandle and Elvira Pollina Editing by Mark Potter)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
BT GROUP PLC -0.21% 140.6 Delayed Quote.6.31%
ITV PLC 0.05% 104 Delayed Quote.-2.62%
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Analyst Recommendations on BT GROUP PLC
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Financials
Sales 2022 21 025 M 28 908 M 28 908 M
Net income 2022 1 594 M 2 192 M 2 192 M
Net Debt 2022 18 422 M 25 329 M 25 329 M
P/E ratio 2022 8,65x
Yield 2022 5,22%
Capitalization 13 933 M 19 174 M 19 157 M
EV / Sales 2022 1,54x
EV / Sales 2023 1,56x
Nbr of Employees 99 700
Free-Float 74,2%
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Technical analysis trends BT GROUP PLC
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Mean consensus OUTPERFORM
Number of Analysts 23
Last Close Price 140,60 GBX
Average target price 189,36 GBX
Spread / Average Target 34,7%
EPS Revisions
Managers and Directors
Philip Eric Rene Jansen Chief Executive Officer & Executive Director
Simon Jonathan Lowth Chief Financial Officer & Executive Officer
Ulrica Fearn Group Finance Director
Jan Petrus du Plessis Chairman
Howard Watson Chief Technology Officer
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