Team Sports Gear-Makers Ripe for Mergers and Acquisitions
Investors have long been dismissive of team sporting goods makers, beholden to the narrative that youth sports participation is in long-term decline and remembering past…
M&A
WWE’s McMahon Willing to Leave as Sales Hit Record $1.2 Billion
Vince McMahon will step away from World Wrestling Entertainment if it maximizes shareholder value in any future deal, the company told analysts in a call detailing its…
WWE’s McMahon May Flip From Hero to Heel If He Doesn’t Want to Exit
For 40 years, Vince McMahon has been in complete control of World Wrestling Entertainment. Since buying the company from his father in 1982, he’s dictated details…
WWE Hires Raine Group to Help With Potential Sale
World Wrestling Entertainment has retained boutique investment bank Raine Group to aid in exploring strategic alternatives, including a sale of the company. Raine…
Vince McMahon Jumps Back in WWE Ring to Pursue Sale
In a move that seems straight out of WrestleMania, ousted World Wrestling Entertainment founder Vince McMahon has jumped back into ring, intending to return to the…
TGI Acquires Virtual Ad Tech Company In Latest Expansion
Sports media and marketing company TGI Sport has acquired virtual advertising tech company Brand Brigade as it looks to grow in North America and take advantage of a…
NY Times May Seek The Athletic to Hit Subscriber, Portfolio Goals
Earlier this week, Axios reported that The New York Times (NYT) was “looking into a potential acquisition of The Athletic.” The story followed a Wall Street Journal…
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…
William Hill Buyout Talks Point to Long-Term Trend Toward Industry Consolidation
Late last week, it was reported that William Hill Plc (WIMHY) is the target of takeover attempts by Apollo Global Management Inc., a private equity firm with a history…
Agency M&A Reflects Growing Global Sports Market
In late June, U.S.-based sports marketing and talent representation agency Wasserman announced the acquisition of hockey agency Acme World Sports. Acme represents…
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