AllTrails has raised $150 million in fresh capital from the growth fund of Permira, a London-based investment firm.
NBC Sports will retain U.S. rights to the Premier League. Terms were not disclosed, but the rights were expected to go for around $2 billion for six years.
Fenway Sports Group could reportedly pay roughly $900 million to buy the NHL’s Pittsburgh Penguins.
Chip company Nvidia reported a 55% increase in third-quarter revenue to $7.1 billion, far exceeding analysts’ estimates of $6.82 billion.
Peloton has filed lawsuits against Echelon and iFit over alleged patent infringement related to the company’s on-demand fitness classes.
Premier League chair Gary Hoffman will resign in January following criticism of his handling of the Newcastle United takeover.
Sportradar posted $158.7 million in revenue in Q3 2021, a 30% increase compared to the same period last year.
The Tampa Bay Rays are working to become MLB’s first multi-city team. The team is seeking new stadiums in Tampa and Montreal.
Neither President Biden nor any other U.S. government official plans to attend the 2022 Beijing Winter Olympics, per the Washington Post.
An Activision Blizzard stakeholder group is joining efforts to pressure CEO Bobby Kotick and other executives to resign.
