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Sports streaming service Dazn receives billions in cash injection – IT business

The British sports streaming service Dazn has received a so-called recapitalization with a volume of 4.3 billion US dollars (3.7 billion euros) from its main shareholder. Access Industries converted existing preferred stock, repaid loans and injected new capital into the company, according to Dazn on Tuesday. With this move, Dazn’s debts will be repaid, the statement said.

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