Endeavor Group Holdings, Inc. , a global sports and entertainment company, has entered into an agreement to acquire OpenBet, a leading content, platform and service provider to the sports betting industry, from Scientific Games Corporation for $1.2 billion paid through a combination of cash ($1 billion) and Endeavor’s Class A common stock ($200 million). […]
DraftKings acquires Golden Nugget Online Gaming for $1.56 billion
DraftKings Inc.and Golden Nugget Online Gaming have announced that they have entered into a definitive agreement for DraftKings to acquire Golden Nugget Online Gaming in an all-stock transaction that has an implied equity value of approximately $1.56 billion. The acquisition will enable DraftKings to leverage Golden Nugget’s well-known brand, iGaming product experience and existing […]
FuboTV acquires Balto Sports to drive brand expansion
fuboTV Inc., the leading sports-first live TV streaming platform, has acquired Balto Sports, marking the company’s first move into the online sports wagering market. Terms of the deal were not disclosed. Balto Sports is a Y Combinator company that develops tools for users to organize and play fantasy sports games. fuboTV intends to leverage its […]
Stats Perform buys fan engagement technology platform Thuuz Sports
Stats Perform, the SportsTech leader in data and AI technology, has announced the acquisition of platforms for creating automated video highlights and real-time excitement alerts from Palo Alto-based tech company Thuuz Sports. The patented technology in the SmartReels and SmartRatings products will be incorporated into Stats Perform’s robust product portfolio to generate new opportunities for […]
Under Armour to sell the MyFitnessPal platform to Francisco Partners
Under Armour has entered into a definitive agreement to sell the MyFitnessPal platform to Francisco Partners. “As part of our ongoing transformation, we are committed to actively managing our business to ensure that our strategies and assets are prioritized to connect even more deeply with our target consumer – the Focused Performer,” said Under Armour […]
City Football Group bolsters its portfolio with the acquisition of French club Troyes
Manchester City has added a 10th club to its worldwide portfolio by acquiring the French second-division team Troyes. The City Football Group will become the majority shareholder of Troyes after buying the shares of its previous owner, Daniel Masoni. Ferran Soriano, chief executive of CFG said: “We have had an interest in French football for […]
Dorilton Capital acquires Williams Racing to restore competitiveness of the team
Formula 1 outfit Williams Racing has been acquired by US-based private investment firm Dorilton Capital. Dorilton Capital is known for its long-term approach to investment and its key focus will be to restore the competitiveness of the team. As part of the Strategic Review, Williams together with the Group’s financial advisers, conducted a comprehensive review […]
Lululemon acquires exercise startup Mirror for $500 million
Lululemon has announced its plans to acquire home exercise startup Mirror for $500 million and will close the sale by the end of the second fiscal quarter of this year. The COVID-19 pandemic has severely limited workout options for many across the world, and the continued closure of gyms has prolonged the problem. Even when […]
Wasserman acquires Acme World Sports to bolster its portfolio
Wasserman has acquired prominent hockey agency Acme World Sports to bolster its ice hockey portfolio. As part of the acquisition, numerous executives will join Wasserman, including: Acme founder Markus Lehto (Executive Vice President, Hockey), Simo Niiranen (Senior Vice President, Hockey), Pete Rutili (Vice President, Hockey), Brett Peterson (Vice President, Hockey), Joe Pinter (Vice President, Legal […]