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BRIEF-Nine Entertainment To Buy Rugby Union Rights In 3-Yr Deal Worth About $100 Mln

Published 09/11/2020, 10:40 am
Updated 09/11/2020, 10:42 am
© Reuters.

Nov 9 (Reuters) - Nine Entertainment Co Holdings Ltd NEC.AX :

* NINE TO ACQUIRE RUGBY UNION RIGHTS, LAUNCHES STAN SPORTS

* THREE-YEAR DEAL IS WORTH APPROXIMATELY $100M IN CASH AND CONTRA

* REACHED IN-PRINCIPLE AGREEMENT WITH RUGBY AUSTRALIA FOR ALL RIGHTS TO ALL WALLABIES AND WALLAROOS TEST MATCHES

* DEAL INCLUDES A TWO YEAR OPTION FOR NINE TO EXTEND

* IS PROGRESSING OPPORTUNITIES TO INVEST IN ADDITIONAL EXCLUSIVE SPORTS RIGHTS

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