Even with this type of star power DAZN will have a hard time going public in this environment. The ESPN competitor is supposedly in talks with advisers about options including a stock-market listing or divestment of assets, according to Bloomberg. Even if an IPO doesn’t work out, the sports streaming service is even open to a so-called special purpose acquisition company, or SPAC. The company generated about $300 million in revenue in the fourth quarter of 2019, according to The Wall Street Journal. However, they are burning through cash and spend in the ballpark of $1 billion and $1.5 billion on sports rights annually.

Source: Forbes August 26, 2020 12:33 UTC