Germany’s BMW to acquire Audi’s $897 million stake in Bundesliga

03/14/2019 6:56:00 AM (GMT)

German car maker BMW is holding discussions to purchase peer Audi’s stake in football league Bundesliga, in a deal worth 800 million euros ($897 million).

The deal will also transfer sponsorship rights to BMW for the period remaining on Audi’s contract that runs till 2025.

By virtue of the deal, BMW will become an 8.33 percent stakeholder in German sports club Bayern Munich.

In addition to becoming a strategic partner of Bayern Munich, BMW will also replace Audi as an official sponsor of the club, injecting more money into the team.

BMW

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