Quoting a source familiar with the matter, it adds that an announcement on what would be a three-year deal, covering Thailand, Cambodia, Laos and Vietnam, is expected within the next couple of weeks.
Bloomberg also says, quoting another source, that Facebook is going head-to-head for the rights with BeIN Sports, which paid around $250 million for the current three-year deal.
Bloomberg notes that the Premier League is currently negotiating international contracts and is hoping to make up a shortfall in the most recent agreement it negotiated for the domestic rights.
As previously reported by Broadband TV News, Amazon secured the rights to 20 unsold Premier League matches earlier this month following the main auction in February. This will result in the domestic rights being split for the first time between Sky, BT and a new comer, in this case Amazon.
Facebook is hoping to become an important player in the world of sport but has so far only been active on a small scale.
It has, however, streamed live Champions League matches following an agreement with Fox.