Silver Lake Partners has acquired a 33% stake in the Australian Professional Leagues for $100 million, valuing the business at $303 million.
Endeavor announced plans to acquire nine minor league baseball teams through the creation of a new organization, Diamond Baseball Holdings.
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.
UFC and WME parent company Endeavor posted $1.4 billion in third-quarter revenue on Tuesday, recording $63.6 million in net income.
Endeavor has agreed to purchase sportsbook and gaming company OpenBet for $1.2 billion in cash and stock.
Crypto.com announced that it will have a patch on Philadelphia 76ers jerseys, bringing the company’s sports deals to more than $400 million.
DraftKings made a $20 billion cash-and-stock offer on Tuesday to acquire U.K. online sports betting company Entain.
Fantasy sports startup Sleeper has reached a $400 million valuation following a $40 million funding round.
The Drone Racing League announced on Tuesday it has agreed to a five-year, $100 million deal with cryptocurrency platform Algorand.
Hyperice is moving away from the sports technology industry as it rebrands to a “holistic high-performance wellness brand.”
