Paramount Wins Surprise Bid for UEFA Champions League Rights

(Bloomberg) -- Paramount Skydance Corp. has won the bid for the television rights for the Champions League in the UK and Germany, according to a person familiar with the matter, marking the first time the US media group has made a major international sporting push.The auction for rights in other countries including the major European markets, are still ongoing. UEFA was attempting to overhaul the broadcast tender process for its showpiece Champions League competition, hoping to boost its appeal to streaming ...