Thursday, August 14 15:10:51
Global media conglomerate, beIN Media Group, today said it is in the final stages of acquiring Setanta Sports Australia, the international sports channel owned by Dublin-based Danu Investment Partners.
Financial details were not disclosed.
Setanta Australia broadcasts a wide range of international football and rugby union including such competitions as the German Bundesliga, UEFA Europa League and RBS Six Nations.
The channel is available to two and a half million subscription TV households in Australia via FOXTEL, as well as distribution via fetchTV and online.
Commenting on the acquisition, which is subject to approval by Australia's Foreign Investment Review Board, Yousef Al-Obaidli, beIN's Deputy CEO, said: "We are very happy to take our beIN SPORTS brand to yet another admirable market. Australians are very passionate about sports and we are proud to fulfil this passion and provide them with a unique experience."
Danu Investment Partners co-founder Leonard Ryan, added: "We believe this is a win for our loyal customers in Australia, who will share in beIN SPORTS commitment to producing sports coverage of the highest quality."
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