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Report: Facebook to spend 'few billion dollars' on sports rights

Facebook Inc. is looking to spend a "few billion dollars" on rights to stream sports, Recode reported Dec. 4, citing Sports Business Journal's John Ourand.

The social-networking giant is currently interviewing candidates who could use these funds and broker rights deal for the company.

In September, Facebook made a $610 million bid for digital rights to the Indian Premier League short-format cricket competition.