Month: November 2021

Niantic Raises $300 Million to Build Metaverse

Niantic, the creator of augmented reality gaming hit “Pokémon Go,” has raised $300 million to build a metaverse.

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Fenway Sports Group to Buy Pittsburgh Penguins

Fenway Sports Group has agreed to purchase a controlling stake in the Pittsburgh Penguins. The deal is reportedly around $900 million.

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Winter Olympics Could Return to Japan

Japan is once again a frontrunner to host the Olympics as it considers cost-cutting possibilities for the 2030 Winter Games.

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Solana Ventures, FTX, and Lightspeed Start $100 Million Gaming Fund

Solana Ventures, FTX, and Lightspeed Venture Partners have teamed up to launch a $100 million gaming fund called GameFi.

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Bueckers Signs with Gatorade as NIL Strategy Comes into View

UConn phenom Paige Bueckers just inked a landmark deal with Gatorade, only her second partnership so far. Her NIL strategy is finally beginning to crystallize after months of silence.

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Soccer Leagues, UEFA Could Lose $9B From Biennial World Cups

Soccer leagues and UEFA could lose up to $9 billion from lost media income and other sources if the FIFA World Cup happens every two years.

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Rams Relocation Lawsuit Settles for Record Amount

Rams owner Stan Kroenke and the NFL agreed to pay a record $790 million settlement to settle the St. Louis relocation lawsuit before trial.

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U.S. Looking Forward to 2022 Formula 1 Additions

The United States Grand Prix recorded a 42% increase in viewership on Oct. 24 since its last race two years before.

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Dream Sports Valued at $8 Billion After $840 Million Round

The sports technology firm announced it has raised $840 million in a funding round, valuing the company at $8 billion.

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UFC Becomes the Focal Point for Endeavor

The UFC posted strong financials in Endeavor’s recent earnings report. The MMA promotion’s success provides a model for Endeavor to buy more leagues.

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