Month: October 2021

SoftBank's Huge Bet on Sports and Entertainment

SoftBank’s Vision Fund 2 is investing heavily in sports, backing some of the industry’s most influential companies.

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Blackstone Nearly Doubles Earnings to $1.4B

Blackstone, which recently purchased a majority stake in Spanx, reported third-quarter earnings of $1.4 billion.

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Fanatics’ NFT Platform Valued at $1.5B

Candy Digital, an NFT platform owned by Fanatics, completed a $100 million funding round on Thursday valuing the company at $1.5 billion.

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AT&T’s Revenue Dips Amid Major Transition

AT&T is spinning off its media assets, namely WarnerMedia and DirecTV. In the meantime its revenue dropped 5.7% to $39.9 billion.

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Rising 25 Virtual Gala

Virtual celebration honoring the Rising 25 Class of 2021.

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Disney Expects Over $100M in NHL Ad Sales

The Walt Disney Co. is projecting it will top $100 million in NHL advertising sales as hockey returns to ESPN for the first time in 17 years.

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Endeavor, Silver Lake Shopping for Minor League Teams

Endeavor and private equity firm Silver Lake are teaming up to bid on minor league baseball teams. They could eventually buy over 40.

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Sportsmap Tech Acquisition Prices IPO at $100M

Sportsmap Tech Acquisition announced that it’s priced its initial public offering at $100 million on Tuesday, offering 10 million units at $10 each.

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Mobile Sports Betting in New York May Be Costly for Gambling Companies

Legalized online sports betting is coming to New York, but operating in the state may come with a hefty price tag.

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Blackstone Buying Spanx at $1.2B Valuation

Investment giant Blackstone made its latest move, buying a majority stake in apparel maker Spanx at a $1.2 billion valuation.

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