DAZN is suspending initial public offering (IPO) plans due to $1.35 billion in losses caused by soaring broadcast rights costs
The global sports streaming service had been eyeing a floatation following a restructuring in 2021.
DAZN owner Len Blavatnik recapitalized the business and implement a series of cost-cutting measures while tapping Shay Segev from gambling giant Entain as CEO.
The company also spent vast amounts to acquire top-flight soccer in Germany, Italy, and Spain.


Citi Sets Bullish 2026 Target for STOXX 600 as Fiscal Support and Monetary Easing Boost Outlook
IKEA Launches First New Zealand Store, Marking Expansion Into Its 64th Global Market
UPS MD-11 Crash Prompts Families to Prepare Wrongful Death Lawsuit
Dollar Slides to Five-Week Low as Asian Stocks Struggle and Markets Bet on Fed Rate Cut
Magnum Audit Flags Governance Issues at Ben & Jerry’s Foundation Ahead of Spin-Off
Visa to Move European Headquarters to London’s Canary Wharf
OpenAI Moves to Acquire Neptune as It Expands AI Training Capabilities
Tesla Expands Affordable Model 3 Lineup in Europe to Boost EV Demand
Extreme heat, flooding, wildfires – Colorado’s formerly incarcerated people on the hazards they faced behind bars
Amazon Italy Pays €180M in Compensation as Delivery Staff Probe Ends
Oil Prices Hold Steady as Ukraine Tensions and Fed Cut Expectations Support Market
Why the Australian Open’s online tennis coverage looks like a Wii sports game
Dollar Holds Steady as Markets Shift Focus to 2026 Rate Cut Expectations
Michael Dell Pledges $6.25 Billion to Boost Children’s Investment Accounts Under Trump Initiative
Pepe Marti’s Epic F2 Win: ‘Game-Changer’ in Championship Battle as Abbi Pulling Steals F1 Academy Spotlight
Asian Currencies Steady as Markets Await Fed Rate Decision; Indian Rupee Hits New Record Low
Japan’s Nikkei Drops as Markets Await Key U.S. Inflation Data 



