Law 360 M&A

APRIL 22, 2024

JD Sports said on Tuesday that it has proposed to buy U.S. athletic fashion retailer Hibbet Inc. for approximately $1.08 billion as the U.K. sportswear store chain eyes expansion in the American southeast.

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Law 360 M&A

JANUARY 1, 2024

An ever-increasing volume of lawsuits involving the NCAA highlights the list of sports and betting cases to watch in 2024, including battles over athletes' right to compensation for their name, image and likeness and their fight to collectively bargain and be designated as employees.

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Law 360 M&A

APRIL 1, 2024

The owner of Sports Illustrated alleges in a $49 million lawsuit filed Monday in Manhattan federal court that an energy drink mogul acted like a "gangster" when he became the magazine's publisher, tearing apart a longstanding licensing agreement while sabotaging the brand and holding hostage valuable intellectual property.

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Law 360 M&A

MARCH 18, 2024

Digital content business Minute Media has purchased the publishing rights for Sports Illustrated, keeping alive a longtime brand that recently obliterated its newsroom with layoffs and shut down its betting platform, according to a Monday announcement.

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Law 360 M&A

MARCH 26, 2024

said Tuesday it has agreed to merge with Ballengee Group LLC, a Dallas-based sports management agency focused on representing athletes in Major League Baseball, the National Football League and Ultimate Fighting Championship. Las Vegas-based software company Scepter Holdings Inc.

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Global Finance

AUGUST 13, 2023

Citi Private Bank has advised sports deals of all kinds for some 25 years. Ivo Voynov, who joined the firm in September from rival JPMorgan Chase & Co., talks to Global Finance about why the sector is attracting so much interest.

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Finance Banking 75

Benzinga

MAY 15, 2023

Microbetting sports betting platform Betr , founded by Jake Paul and Joey Levy, announced a recent acquisition to continue its push in the sector. What Happened: Paul and Levy launched Betr with the goal of simplifying the process of live sports betting and predicting results. OTC: FUNFF ).

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Business Wire M&A

FEBRUARY 17, 2023

(Nasdaq: PENN) (“PENN” or the “Company”) today completed its previously announced acquisition of Barstool Sports, Inc. Barstool Sports” or “Barstool”) after previously acquiring a 36% stake of Barstool Sports in February 2020. PENN has acquired the remaining interest in Barstool Sports for approximately $388 million.

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Law 360 M&A

FEBRUARY 20, 2024

Discovery would combine sports portfolios into one streaming app, claiming that the plan would harm competition and result in higher prices for consumers. The streaming company Fubo asked a New York federal court on Tuesday to block a joint venture under which ESPN, Fox and Warner Bros.

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Mckinsey and Company

APRIL 5, 2023

For all the progress toward equality on the field, sports administration remains dominated by men. A fairer, more inclusive industry would benefit everyone.

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Global Finance

DECEMBER 4, 2022

While US sports deals are few and far between, investors have a better chance to score abroad.

Finance 112

Finance 112

Law 360 M&A

APRIL 25, 2023

Yahoo said Tuesday it has acquired peer-to-peer sports betting app Wagr, which the global media company said will help accelerate Yahoo Sports' efforts to "create and deliver the most compelling fantasy and gaming products."

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Mckinsey and Company

JANUARY 24, 2022

The sporting-goods industry continues to evolve amid increased health awareness, shifting channel preferences, and rising sustainability concerns. Sporting-goods players need to adapt to five trends shaping the industry in 2022.

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Benzinga

OCTOBER 2, 2023

Former CNN chief Jeff Zucker has reportedly taken a minority stake in Front Office Sports , the sports media-focused startup, through his $1 billion investment fund RedBird IMI , marking the first acquisition since his fund’s inception. Zucker's RedBird IMI is a collaboration between U.S.-based

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Law 360 M&A

JANUARY 25, 2024

Entain PLC's Dutch subsidiary says the owners of a sports betting business failed to mention that the company was being investigated for violating gambling regulations, and therefore was worth less than the €850 million ($926 million) Entain agreed to pay for it.

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Law 360 M&A

JANUARY 2, 2023

The sports and betting world will closely follow a pair of consolidated class actions in college athletics related to concussion liability and NIL rights, trademark infringement cases that could tilt the playing field across sports and gaming, and major cases involving the NFL and PGA Tour.

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ThomsonReuters

SEPTEMBER 19, 2023

With the recent start to the NFL season, sports wagering is a popular topic of conversation among football fans. Earlier this summer, Kentucky, North Carolina, and Vermont all enacted laws that legalize and tax sports wagering activities. The revenue share may not be less than 20 percent of adjusted gross sports wagering revenue.

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Technology 52

Law 360 M&A

FEBRUARY 3, 2023

As professional sports teams fetch record-breaking sums of money and the public spotlight on how teams and leagues conduct themselves intensifies, there's a growing opportunity for law firms to cash in on one of the most lucrative and resilient industries.

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The Guardian M&A

FEBRUARY 3, 2022

Potential joint venture with US pay-TV firm and Eurosport owner is a blow to Dazn, the ‘Netflix of sports’ BT has entered exclusive talks with the US pay-TV firm Discovery to create a joint venture business that will include BT Sport, which has rights to sports including the Premier League and Champions League.

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Law 360 M&A

MARCH 6, 2024

The turmoil at Sports Illustrated continued Wednesday as its partner 888 Holdings PLC announced that it was terminating its sportsbook agreement with the brand's parent company, saying the scale of operating costs in the United States has made the venture untenable.

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Law 360 M&A

JULY 5, 2023

There are plenty of sports and betting legal matters to watch as the second half of 2023 begins, including those revolving around name, image and likeness rights for college athletes and the legal liability of celebrities who endorse cryptocurrency platforms, like Shaquille O'Neal and Tom Brady.

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Benzinga

JUNE 27, 2022

Foot Locker Inc (NYSE: FL ) subsidiary, Foot Locker Retail Inc, has signed a definitive agreement to sell the Team Sales business to BSN SPORTS. Full story available on Benzinga.com.

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Law 360 M&A

NOVEMBER 30, 2023

the parent company to more than 36 brands that design and make sporting and outdoor products, has rejected a cash and stock merger proposal from Czech Republic-based holding company Colt CZ Group SE that would have valued Vista Outdoor at $30 per share. Vista Outdoor Inc.,

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Law 360 M&A

MAY 26, 2022

A sports and entertainment focused blank-check firm, whose board of directors includes former NBA star Magic Johnson and a former Disney executive, was among two special-purpose acquisition companies to file initial public offerings Thursday for a combined $350 million.

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Benzinga

DECEMBER 29, 2023

Kanders, to acquire the Company's Precision Sport segment, through an affiliated entity. He continued, "After the Company received multiple offers for the sale of the Precision Sport segment, the Special Committee has unanimously concluded after. SALT LAKE CITY, Dec. and Barnes Bullets – Mona, LLC subsidiaries, to a U.S.-based

Marketability 45

Marketability 45

Law 360 M&A

JULY 22, 2022

Holland & Knight LLP has added a more-than 17-year employment and sports law veteran from Mintz Levin Cohn Ferris Glovsky and Popeo PC to join its executive compensation and sports practice, the firm said Thursday.

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Law 360 M&A

NOVEMBER 16, 2022

Colorado online sports betting site MaximBet is ceasing operations, effective immediately, because of difficult market conditions and a "cost prohibitive marketplace," according to a message sent to its customers Wednesday.

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Marketability 75

NYT M&A

JUNE 10, 2023

The kingdom’s enormous sovereign wealth fund, which backed the golf series, has an appetite for sports. Its deal with the PGA Tour may pave the way for more investments.

Mergers & Acquisitions 70

Mergers & Acquisitions 70

Benzinga

MARCH 25, 2024

DUBLIN, Ireland and MILAN, Italy, March 25, 2024 (GLOBE NEWSWIRE) -- Brera Holdings PLC ("Brera Holdings," "Brera" or the "Company") (NASDAQ: BREA ) provides an update concerning its potential next professional sports club acquisition.

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Benzinga

MAY 15, 2023

One of the leading sports companies is making a bigger bet on future growth from the sports betting sector with an acquisition announced over the weekend. What Happened: Sports apparel company Fanatics is acquiring the U.S. division of sports betting operator PointsBet for $150 million. By acquiring PointsBet U.S.,

Technology 52

Technology Marketability 52

Law 360 M&A

NOVEMBER 29, 2022

McDermott Will & Emery LLP-guided Monumental Sports & Entertainment, which owns and operates six professional sports teams in the Washington, D.C., area, on Tuesday announced former eBay President Jeff Skoll as its newest minority investor.

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Benzinga

APRIL 16, 2024

The all-stock transaction values Infinite Reality at $3 billion and Stakes at $8 million and further strengthens iR's position as a premier provider of innovative digital experiences and immersive sports offerings.

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Equity 52

The Guardian M&A

AUGUST 1, 2022

Deal with German asset management firm Aurelius Group follows CMA concerns JD Sports has agreed a deal to sell Footasylum to the German asset management firm Aurelius Group for less than half the price it originally paid, after it was finally forced to offload the trainer chain by the UK’s competition watchdog.

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Marketability 76

NYT M&A

FEBRUARY 15, 2023

The owners of the regional television channels branded as Bally Sports have nearly $9 billion in debt and owe hefty rights fees to M.L.B., Now, they’re all on the clock to find a solution.

Mergers & Acquisitions 79

Mergers & Acquisitions 79

Benzinga

APRIL 3, 2023

On Monday, Endeavor Group Holdings, Inc (NYSE: EDR ) and World Wrestling Entertainment, Inc (NYSE: WWE ) disclosed a deal to form a new, publicly listed company consisting of two iconic, complementary, global sports and entertainment brands: UFC and WWE.

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Enterprise Value 98

Law 360 M&A

NOVEMBER 29, 2023

Big Four accounting firm Deloitte on Wednesday issued a report anticipating that women's elite sports will generate more than $1 billion in revenues for the first time next year — a prediction that comes as private equity firms are increasingly nabbing stakes in female professional sports clubs.

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Private Equity Firm Accounting Firms Equity 40

Benzinga

AUGUST 8, 2023

online sports betting agreement with ESPN. As part of the deal, Penn has secured exclusive rights to the ESPN Bet trademark for online sports betting in the U.S. As part of the deal, Penn has secured exclusive rights to the ESPN Bet trademark for online sports betting in the U.S. Full story available on Benzinga.com

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