beIN Media Group, the global media conglomerate, is in the final stages of acquiring Setanta Sports Australia, the international sports channel owned by Dublin-based Danu Investment Partners.
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 acquisition is subject to approval by Australia’s Foreign Investment Review Board.
“We are very happy to take our 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,” said Yousef Al-Obaidli, deputy CEO, beIN Media Group.
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.”