FIFA Seeks Up to $2 Billion to Expand Streaming Service, FIFA+; Working With UBS to Find Investors; Aims to Sell Minority Stake in FIFA+
Portfolio Pulse from Benzinga Newsdesk
FIFA is seeking up to $2 billion to expand its streaming service, FIFA+, and is working with UBS to find investors. The organization aims to sell a minority stake in FIFA+.
June 27, 2024 | 1:35 pm
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POSITIVE IMPACT
EWL, an ETF that includes UBS among its holdings, might see a positive impact due to UBS's involvement in FIFA's $2 billion fundraising effort for FIFA+. This could enhance the ETF's performance.
Since UBS is a significant holding in EWL, any positive impact on UBS's stock due to its involvement with FIFA could translate to a positive impact on EWL's performance.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
UBS is assisting FIFA in finding investors to raise up to $2 billion for the expansion of FIFA's streaming service, FIFA+. This partnership could enhance UBS's reputation and lead to potential revenue from advisory fees.
UBS's involvement in a high-profile deal like this could enhance its reputation in the investment banking sector and lead to significant advisory fees, positively impacting its short-term stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80