DAZN closing in on buying BT Sport in £580m deal with purchase expected to be completed this month

DAZN are set to complete a deal to buy BT Sport, according to reports.

The streaming service are expected to finalise a deal worth around £580million for the broadcaster.

Talks began last summer.

And according to Reuters, a deal could finally be completed by the end of this month.

Talks reportedly stalled in December, when Discovery emerged as a rival bidder.

The deal isn't quite over the line and could still fall through.

But sources are confident that the acquisition will happen.

DAZN already have the rights to broadcast the FA Cup, League Cup and the EFL in countries such as Austria, Germany and Switzerland among others.

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But they are eager to secure the UK Premier League and Champions League broadcasting rights that would come with BT Sport.

According to Enders Analysis, BT Sport reaches five million households in the United Kingdom.

DAZN reportedly have 11million subscribers worldwide.

Last year they agreed a deal with Eddie Hearn to broadcast Matchroom Boxing fights, excluding Anthony Joshua.

Their coverage has been hosted by Sky Sports and talkSPORT favourite Laura Woods, as well as Maya Jama and Mike Costello.

It remains to be seen whether BT Sport's roster of football pundits would be taken on by DAZN in the event of a takeover, with the likes of Rio Ferdinand, Paul Scholes and Peter Crouch all regular contributors.

BT Sport HQ is located in Queen Elizabeth Olympic Park in Stratford, London.

It's also equipped with a ready-made production centre and three high-end TV studios.

A takeover would therefore give DAZN a purpose-built broadcasting centre in London, which would be a significant move towards establishing themselves as a major broadcaster in the UK.

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