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Facebook is increasingly targeting the streaming space, and now comes word it's about to wage war with Sky with its own sports streaming service.

According to a recent report, the social network is interviewing candidates for a role that will involve negotiating global sports streaming rights. The successful candidate will have "a few billion dollars" at their disposal to develop Facebook's sports streaming service.

The company recently bid $600 million for Indian Premier League (IPL) cricket rights, but was outbid.

Facebook has been touted as a potential broadcaster of the 2018 World Cup, alongside Twitter. Traditional broadcasters like BT and Sky are increasingly coming under threat from new media companies. While Netflix seems to be shunning sports, Amazon has added live sports to its portfolio with the addition of Eurosport. In the US, it has also started livestreaming NFL games.

Source: Sports Business Daily

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