On Tuesday, Kevin Durant scored 31 points on the Timberwolves, his best performance in two-and-a-half months. On Wednesday, he notched an even bigger win when Coinbase went public.

The crypto exchange market, known for providing an easy on-ramp for casual investors to buy bitcoin and other blockchain-based coins, went public via a direct listing.

The crypto exchange market, known for providing an easy on-ramp for casual investors to buy bitcoin and other blockchain-based coins, went public via a direct listing.  Coinbase shares closed at $328.28 today, valuing the company at $86 billion.

That’s good news for KD, who bought into the investment platform through his and Rich Kleinman’s Thirty Five Ventures when it was valued at $1.6 billion. The rapper Nas’ venture fund invested in the Series B round, when Coinbase was valued at around $143 million.

Durant is an active investor, particularly in tech companies. 

• He was also an early-stage investor in Postmates, Acorns, Sandbox VR, and shared bike and scooter company Lime. 
• Durant has also bought into a number of sports and fitness companies, including Dapper Labs, maker of NBA Top Shot, Goldin Auctions, drink company WTRMLN WTR, and athlete recovery tech company Therabody.

Serena Williams’ Serena Ventures appears to have also been an investor, but pulled Coinbase from its publicly listed portfolio companies after Coinbase’s CEO came out against employee political activism.

Coinbase reported last week that its Q1 revenue was up 847% year-over-year to around $1.8 billion, and that it has 56 million users.

Dish Network and its Sling TV division sued Peloton, Lululemon, and ICON Health & Fitness.

The network provider says the fitness companies used Dish’s patented technology developed by Move Networks Inc., which “allows Internet users to stream content from across the world in real time at the highest possible quality.” Move Networks was acquired by Dish in 2010.

The patents addressed include ways to improve online video quality including fast-forwarding, rewinding, and browsing on multiple streams without interruption. Sling uses the technology in a bundle offering for live TV channels streamed over the internet for a monthly fee.

Dish said Sling TV can “replicate the streaming-while-exercising experience.” 

Sling lost 118,000 users last year and currently has around 2.5 million subscribers. It represents roughly 22% of Dish’s video subscriber base.

Dish sued Univision Communications in 2019 for some of the same patents. Dish ended up settling in that case but is looking for cash compensation this time around, along with orders to block more unauthorized use of the technology. The suits were filed in Texas and Delaware.

In a separate complaint filing to the U.S. International Trade Commission, Dish and Sling are looking to block imports including Peloton’s stationary bikes, Mirror workout panels, and NordicTrack treadmills. Lululemon bought Mirror last year for $500 million.

Dish Network recorded $4.56 billion in revenue in Q4 2020, up from $3.24 billion the year before.

Two giants of Spanish-language media are both exclaiming “gooooooooool!” today.

Univision has agreed to acquire Televisa at a value of $4.8 billion, including $3 billion in cash and $1.5 billion in Univision equity. Televisa’s share of Univision will grow to 45% from 36%. The new entity will be called Televisa-Univision.

Univision, which merged its sports division with Televisa’s in 2019, is a dominant broadcaster in North American Spanish-language sports.

• Univision has extensive soccer coverage, including Copa America, the Mexican League, Copa MX, and Liga MX.
• Univision partners with NFL and MLB teams to provide Spanish TV and radio game broadcasts.
• Earlier this month, Univision signed a five-year deal with Hispanic mixed martial arts franchise Combate Americas.

With 61 television stations and 58 radio stations in the U.S. and Puerto Rico, Univision has largely focused on those traditional broadcast media, but the new deal hints at a push into streaming, which is more of a focus for Televisa.

The deal involves some well-known financial players: It will be financed by SoftBank Latin American Fund, with participation from Google and the Raine Group. J.P. Morgan Chase arranged $2.1 billion in debt commitments. SoftBank said it would leverage its tech ecosystem to grow Televisa-Univision’s capabilities as a multi-platform media provider.

Shares of Grupo Televisa SAB shot up by roughly 37% after the news broke.