• Loading stock data...
Wednesday, October 15, 2025

Durant’s $200M SPAC Will Focus On Sports Acquisitions

  • Kevin Durant has launched Infinite Acquisition Corp., a blank-check company.
  • The SPAC filed for a $200 million IPO on Wednesday.
kevin_durant_smiling
Bill Streicher-USA TODAY Sports/Design: Alex Brooks

NBA star Kevin Durant has launched Infinite Acquisition Corp., a blank-check company that filed for a $200 million initial public offering on Wednesday.

The SPAC will sell 20 million shares at $10 apiece and has pledged to redeem 100% of the shares for cash if it fails to acquire a company to take public within 18 months of its IPO.

Infinite will focus on acquisitions in sports, e-commerce, and cryptocurrency.

Durant serves as co-CEO of Infinite with Rich Kleiman, his business partner in Thirty Five Ventures, a VC firm launched by the duo in 2016.

Infinite adds to Durant’s growing list of investments in sports and tech.

  • In March, he invested in Andbox, an esports organization and team operator.
  • He took part in a $3.5 million seed funding round for Just Women’s Sports in May.
  • He participated in a Series B round in July for OpenSea, an auction platform for NFTs.
  • He joined in a $15 million round for collectibles trading app Rally in October.
  • The same month, he was part of a group that invested $100 million in SeatGeek.

The two-time NBA champion is set to earn $87.9 million in 2021-22 between his $40.9 million salary and an estimated $47 million from off-court ventures.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Warriors $75M Pitch Fails to Sway Kuminga As Season Looms

Kuminga and his representatives want a long-term deal.
Apr 8, 2025; Phoenix, Arizona, USA; Phoenix Suns guard Bradley Beal (3) reacts during the first half against the Golden State Warriors at Footprint Center.

Bradley Beal Agrees to Suns Buyout, Will Join Clippers

Beal is the latest star player to leave Phoenix behind Kevin Durant.

As NBA Free Agency Quiets, Focus Shifts to Potential Extensions

Shai Gilgeous-Alexander signed a four-year, $285 million extension.

Nuggets, Rockets Make Aggressive Moves to Challenge Thunder

Denver took the Thunder to seven games in the conference semifinals.

Featured Today

Las Vegas Aces center A'ja Wilson (22) celebrates with her teammates after her last second shot to take the lead 90-88 against the Phoenix Mercury in Game 3 of the WNBA Finals at Mortgage Matchup Center in Phoenix on Oct. 8, 2025.
exclusive

Standoff Over WNBA’s Future Has Dominated Finals

CBA negotiations have stolen the spotlight from the Aces’ dominant performance.
Paul Cartier
October 5, 2025

Sports Organists Are Still Thriving in the Era of Raucous Arena Music

“When they walk out and they see a real organ guy, it’s like, ‘Wow.’”
Sep 27, 2025; Milwaukee, Wisconsin, USA; Milwaukee Brewers center fielder Jackson Chourio (11) rounds the bases after hitting a home run during the sixth inning against the Cincinnati Reds at American Family Field.
October 4, 2025

Milwaukee Moneyball: Brewers Are Beating MLB’s Deeper Pockets

Milwaukee is holding its own against big-budget competitors.
Kōloa Rum Company Rum Rusher
September 27, 2025

Panthers Bubbly, Jets Wine, Manning Whiskey: The Sports Booze Boom

A sommelier dives into the sports booze trend—and tries Jets wine.
Louisville’s Miller Moss and several of his teammates stopped by Olympus Gaming Lounge to play EA Sports College Football 26 with fans for a meet and greet. July 11, 2025

Saudis, Silver Lake, Jared Kushner Take EA Private in $55B Deal

Electronic Arts makes “Madden,” “EA Sports College Football,” and more.
Apr 26, 2025; San Francisco, California, USA; Houston Rockets guard Fred VanVleet (5) before game three of first round for the 2024 NBA Playoffs against the Golden State Warriors at Chase Center.
June 25, 2025

Rockets Get $20 Million in Wiggle Room From New VanVleet Deal

VanVleet first signed with the Rockets in 2023.
July 6, 2025

American Celebs Want to Be Sports Owners. Soccer Is Where They Start

As U.S. team prices climb, investors set their sights abroad.
Sponsored

How Jenny Just Is Shaping the Future of Sports Ownership

Jenny Just on bringing her investment experience to sports ownership.
June 24, 2025

Timberwolves’ 4-Year Ownership Saga Ends As A-Rod, Lore Take Over

The unanimous approval brought a clean end to a long-disputed transaction.
April 20, 2025

Max Verstappen Linked to $300M Aston Martin Deal Ahead of Miami GP

Aston Martin is currently seventh in the constructors championship.
March 27, 2025

Peyton Manning’s Omaha Productions Gets PE Boost

The Hall of Famer’s company gains another prominent backer.
March 20, 2025

High School Sports Power Signs Eight-Figure Rights Deal in First

The deal pays roughly $1 million annually, FOS has learned.