HomeFinanceSportradar Valued At USD$10 Billion With Plans To Go Public

Sportradar Valued At USD$10 Billion With Plans To Go Public

Sportradar Valued At USD$10 Billion With Plans To Go Public

Sportradar is reportedly close to finalising a deal to go public after signing a letter of intent to merge with Los Angeles Dodgers owner, Todd Boehly’s SPAC, Horizon Acquisition Corp. II.

The deal would reportedly value Sportradar at USD$10 billion (AUD$13 billion), according to <em>Sportico</em>, who first revealed reports Sportradar was exploring plans to go public last month.

If the deal is finalised, Sportradar founder and chief executive, Carsten Koerl, is expected to remain in place as the chief executive of the public entity which would rank as the largest SPAC valuation of a sports-related property.

<em>Sportico</em> reported the negotiations are private, but the deal will include the addition of other investors as part of a private investment in public equity (PIPE).

Horizon raised USD$525 million last year from its initial public offering (IPO) and over-allotment sale, after forming in September.

Sportradar currently holds major partnerships with a number of major sporting competitions around the world, including all of the US’s major leagues, a number of major competitions in Australia including the NBL and the Asian Football Confederation (AFC), among others.

To read more about Sportradar’s partnerships in Australia and Asia, and how sports broadcast will change in the post-COVID-19 world, read what <a href=”https://ministryofsport.com.au/sportradar-director-reveals-what-rightsholders-need-to-do-to-succeed-post-covid-19/” target=”_blank” rel=”noopener”>Sportradar director of sports media and partnerships for Oceania, David Edwards,</a> told <em>Ministry of Sport</em> in an exclusive interview.

Share With:
Rate This Article
No Comments

Sorry, the comment form is closed at this time.