{"id":94515,"date":"2025-02-18T00:00:00","date_gmt":"2025-02-18T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2025\/02\/18\/surj-sports-investment-snaps-up-minority-stake-in-dazn\/"},"modified":"2025-02-18T00:00:00","modified_gmt":"2025-02-18T00:00:00","slug":"surj-sports-investment-snaps-up-minority-stake-in-dazn","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2025\/02\/18\/surj-sports-investment-snaps-up-minority-stake-in-dazn\/","title":{"rendered":"Surj Sports Investment snaps up minority stake in Dazn"},"content":{"rendered":"

<\/strong>PIF\u2019s Surj Sports Investment has picked up a minority stake in <\/strong>sports streaming service <\/strong>Dazn <\/strong>Group<\/strong>, according to a press release<\/a>. Although the size of the stake acquired by Surj and the value of the transaction were not disclosed earlier reports put the investment ticket at USD 1 bn. Bloomberg<\/a> also had the story.<\/p>\n

A JV on the way?<\/strong> The two companies are also in talks to set up a broadcasting JV \u2014 dubbed Dazn Mena, in a bid to develop new windows that capitalize on Saudi\u2019s growing sports sector. \u201cAs part of the Dazn Mena joint venture with Surj, Dazn is committed to maximizing the reach and accessibility of sports, while delivering the best entertainment experience to a global community of passionate fans,\u201d CEO Shay Segev said.<\/p>\n

REMEMBER- <\/strong>Surj was reportedly in advanced talks last month<\/a> to invest at least USD 1 bn in Dazn. Negotiations between PIF and Dazn began last year, with the fund reportedly bidding to acquire a 10% stake in Dazn for USD 1 bn back in October<\/a>. PIF denied those claims<\/a> later that same month.<\/p>\n

Saudi\u2019s sports push seem to be paying off: <\/strong>The Kingdom\u2019s sports sector contributed USD 6.9 bn to the Kingdom\u2019s GDP in 2023 and is expected to add USD 16.5 bn annually (1.5% of GDP) by 2030, according to a report<\/a> by Surj in December.<\/p>\n

About Dazn:<\/strong> The UK-based streaming service broadcasts more than 90k live sporting events annually in over 200 markets. Dazn is part of a USD 35 bn investment portfolio by US private holding company Access Industries.<\/p>\n","protected":false},"excerpt":{"rendered":"

The two companies will set up a Saudi sports broadcasting JV, dubbed Dazn Mena<\/p>\n","protected":false},"author":1,"featured_media":94516,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2575],"tags":[4022,10,14,1151,3100],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-94515","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ma-watch","tag-dazn-group","tag-enterpriseam-ksa","tag-ma-watch","tag-public-investment-fund-pif","tag-surj-sports-investment","wpautop","entry"],"acf":{"mongo_id":"3f90acf4-a3a7-46e9-868a-3bf3d9a5d2cd","order":"6","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/1\/765.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Surj Sports Investment snaps up minority stake in Dazn","related_issue":[94505],"teaser":"The two companies will set up a Saudi sports broadcasting JV, dubbed Dazn Mena","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/2\/.fe590edc-8a18-4948-936c-9715de38ce95.mp3"},"yoast_head":"\nSurj Sports Investment snaps up minority stake in Dazn - 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