Facebook to spend billions on live sports streaming

Facebook is hiring an executive to negotiate sports deals, according to the Sports Business Journal.

The executive will reportedly have a budget of “a few billion dollars” for Internet-only sports streaming deals.

While this is not enough to land big TV sports licences, it could be used to acquire multiple streaming licenses.

According to the report, Facebook has been interviewing candidates for the position for a lengthy period.

The company also recently bid $600 million to stream cricket matches in India.

Now read: Facebook launches Messenger Kids

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Facebook to spend billions on live sports streaming