Excel Sports Acquires Block Six to Address Data Analytics Needs
Excel Sports Management, which represents golfer Tiger Woods and MLB legend Derek Jeter, has acquired data insights and partnership valuation company Block Six…
Acquisitions
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Genius Sports to Acquire Spirable, Growing Ad Tech Offering
Genius Sports, the sports data company looking to expand its relationships with leagues, bookmakers and media outlets, has agreed to acquire advertising tech…
Barstool Owner Ignores Net Gaming Revenues in $2B Score Purchase
Penn National Gaming recently announced that it has entered into a definitive agreement to buy Score Media and Gaming for around $2 billion ($34/share, +87% premium to…
Golden Age of Sports M&A to Take Place Over Next 24 Months
The first half of 2021 was particularly active for sports-related mergers and acquisitions. There were at least 10 deals announced within the sports betting and data…
Buchwald Expands Into Sports With CSE Agency Deal
The Buchwald talent agency is expanding into the sports realm through a partnership with CSE, Sportico sister publication Variety reports. The goal is to blend…
Exec Search Firm ZRG Makes Inroads Into Sports With Turnkey Deal
Executive search firm ZRG is moving into sports and entertainment to start 2021, acquiring the firm Turnkey Search, a 25-year veteran in the sports industry. Human…
Endeavor Invests in Bill Duffy’s BDA Sports Management
Endeavor has made an investment in BDA Sports Management, a deal that will bring BDA chief Bill Duffy into the WME Sports fold as a strategic advisor, Sportico’s sister…
FanDuel Valued at $11.22 Billion as Flutter Accelerates Investment
Gambling giant Flutter is buying another 37.2% of FanDuel for $4.18 billion, a deal that accelerates a previously determined investment timeline and values the gaming…
Topgolf Acquisition Makes Sense, But Callaway Overpaid For a Company Over a Barrel
The Wall Street Journal recently reported that Callaway Golf Co. (ELY) intends to purchase the 86% of Topgolf Entertainment Group it does not already own at a valuation…
Sports M&A Boom Expected to Continue for Next 3 to 12 Months
The coronavirus outbreak resulted in North American M&A deal value declining -75% YoY during the first half of 2020. Activity picked up again in the third quarter…
Fanatics Expands Headwear Business With Acquisition of Vetta Brands Assets
The world’s largest seller of licensed sports apparel is using money from a recent funding round to expand its headwear business. Fanatics is buying a handful of assets…
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