Month: November 2021

AllTrails Raises $150M in Fresh Capital

AllTrails has raised $150 million in fresh capital from the growth fund of Permira, a London-based investment firm.

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NBC Sports Wins U.S. Premier League Rights

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.

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Penguins Could Sell to Fenway Sports Group for $900 Million

Fenway Sports Group could reportedly pay roughly $900 million to buy the NHL’s Pittsburgh Penguins.

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Nvidia Reports Record $3.2 Billion in Gaming Sales

Chip company Nvidia reported a 55% increase in third-quarter revenue to $7.1 billion, far exceeding analysts’ estimates of $6.82 billion.

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Peloton Sues Rivals Over Alleged Patent Infringement

Peloton has filed lawsuits against Echelon and iFit over alleged patent infringement related to the company’s on-demand fitness classes.

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Premier League Chair Out After Newcastle Drama

Premier League chair Gary Hoffman will resign in January following criticism of his handling of the Newcastle United takeover.

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Sportradar Revenue Jumps 30% in Q3

Sportradar posted $158.7 million in revenue in Q3 2021, a 30% increase compared to the same period last year.

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Rays Pitch New Stadiums in Tampa Bay, Montreal

The Tampa Bay Rays are working to become MLB’s first multi-city team. The team is seeking new stadiums in Tampa and Montreal.

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Biden Reportedly Plans to Boycott 2022 Beijing Olympics

Neither President Biden nor any other U.S. government official plans to attend the 2022 Beijing Winter Olympics, per the Washington Post.

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Shareholders Call On Activision CEO to Resign

An Activision Blizzard stakeholder group is joining efforts to pressure CEO Bobby Kotick and other executives to resign.

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