Business Intelligence

JD Sports steps up US push with $1.1bn Hibbett acquisition

SportzPower Team

Apr 24, 2024 20:04

Read more about JD Sports steps up US push with $1.1bn Hibbett acquisition
Log in to post comments

British sportswear retailer JD Sports Fashion Plc has entered into a definitive agreement to wholly acquire “highly complementary” US sports apparel and equipment retailer Hibbett, Inc. to speed up its US expansion and enhance its presence in “the world’s biggest and most attractive sportswear market”.

Under the terms of the deal, Birmingham, Alabama-based Hibbett’s outstanding shares will be sold to JD Sports for $87.50 per share in cash for an aggregate enterprise value of approximately $1.1 billion.

Jan 25, 2021 16:01

Denmark's hummel teams up with udaan for pan-India distribution

NEW DELHI: hummel, a leading Danish sportswear brand founded in 1923 and b2b eCommerce platform udaan Monday announced a pan-India distribution partnership. As part of this partnership, hummel will leverage udaan's distribution network to offer its range of products across the length and breadth of the country.

Jan 25, 2021 14:01

Jalandhar district admin promises to revive sports college

JALANDHAR: The district administration would make efforts on a war footing in the coming months to restore the prestige of the first Government Arts and Sports College in Punjab, Jalandhar Deputy Commissioner Ghanshyam Thori has promised.

Jan 22, 2021 13:01

Zomato acquires full-stack sports startup Fitso: Report

MUMBAI: Foodtech major Zomato, which has been in talks to acquire full-stack sports platform Fitso since September, has reportedly closed the deal for a 100% stake in the Gurugram-based company at a price of Rs 800 million to Rs 1 billion. This is the first acquisition by Zomato it bought out UberEats in January 2020.

Jan 21, 2021 16:01

US, UK college admission: Football Delhi announces scholarship

NEW DELHI: Football Delhi on Thursday announced a scholarship programme for talented U-16 players of the National Capital Region for college admission in the US and UK, in partnership with Crayons Academy for Skills Excellence (CASE). Each year, two talented footballers - a junior boy and a girl - will be identified based on their football and academic achievements for a scholarship.

Jan 20, 2021 17:01

BeIN Sports expected to soon be back on air in Saudi Arabia

RIYADH: BeIN Sports could soon be back on air in Saudi Arabia after reports that the Qatar-based sportscaster has gained streaming rights throughout the Kingdom.

Jan 20, 2021 17:01

MGM Resorts withdraws $11bn offer to buy Entain

LAS VEGAS: MGM Resorts International announced Tuesday it had rescinded its offer to buy Ladbrokes-owner Entain plc, saying it does not intend to submit a revised proposal for the British firm that snubbed an $11 billion takeover approach earlier this month.

Jan 20, 2021 16:01

World Poker Tour sold to private equity firm for $78.25m

IRVINE, Calif.: Allied Esports Entertainment, Inc., a global esports entertainment company, and Element Partners, LLC, a privately-held investment vehicle, have announced a definitive agreement under which Element will acquire the company’s poker-related business and assets, including the entities comprising the World Poker Tour (WPT).

Jan 20, 2021 14:01

FIFA Transfer Mkt Report: Women’s game continues to grow

ZURICH: FIFA has published the 2020 edition of the FIFA Global Transfer Market Report, which charts the transfers of professional men’s and women’s players.

Jan 20, 2021 13:01

T10 Sports Management appoints Pak ace as technical director

ABU DHABI, UAE: Pakistan cricket legend Mudassar Nazar, who scored over 6,500 runs and took over 150 wickets in international cricket, has been appointed as the technical director for T10 Sports Management (TSM).

Jan 19, 2021 14:01

Plea to standardise rules for entire online skill gaming sector

NEW DELHI: The online gaming industry on Monday urged the government to set up a self-regulatory body to standardise regulations for the entire online skill gaming sector and not just the fantasy sports industry. PTI quotes the Online Rummy Federation (TORF), in a statement, arguing that like fantasy sports, India's skill gaming industry suffers from the same byzantine set of state-by-state laws and regulations.

Subscribe to Business Intelligence