Investments

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
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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.

Nov 24, 2023 17:11

UKK secures Series-A funding from UK-based BNP Group

NEW DELHI: In a ground-breaking move to bolster the growth of kho-kho firstly in India and then globally, Ultimate Kho Kho (UKK), India’s first-ever professional kho-kho league, has secured a Series A funding from UK-based BNP Group — a private investment firm that invests in scalable and disruptive business ideas. Financial terms or enterprise valuation were not disclosed.

Nov 21, 2023 19:11

Tiger Woods-backed TGL pushed to 2025 after venue roof damage

TGL, the planned indoor golf league backed by Tiger Woods and Rory McIlroy, has postponed its inaugural season from 2024 to 2025, the organisation stated Monday.

Nov 17, 2023 18:11

PE firm Arctos buys into Aston Martin F1 at ‘$1.2bn’ valuation

Aston Martin Aramco Cognizant Formula One Team Thursday announced it has entered an agreement for an investment in the team by Arctos Partners ("Arctos"), a private investment firm with significant experience of investing in sports.

Nov 13, 2023 18:11

New IPL franchise makes bid for Yorkshire County: Report

A new investment bid for Yorkshire County Cricket Club has been received from an Indian Premier League franchise that rivals Mike Ashley's move to buy the Headingley Stadium, UK's The Times reports.

Nov 10, 2023 18:11

Game Theory acquires sports analytics startup Matchday.ai

Real sports gaming platform Game Theory has acquired sports analytics startup Matchday.ai. Details of the acquisition, which is effective October 28, were not disclosed.

Nov 08, 2023 19:11

Legends announces acquisition of ASM Global

NEW YORK: Legends and ASM Global Tuesday announced the signing of a definitive agreement under which Legends will acquire ASM Global to create a premium live events company dedicated to providing outstanding experiences for fans around the world.

Nov 08, 2023 19:11

Tiger Woods announced as player-owner of 6th TGL team Jupiter Links

TGL - the new tech-based golf league developed by Tiger Woods’ and Rory McIlroy’s TMRW Sports Group - announced Tuesday that the golfing superstar's TGR ventures has partnered with pro sports mega owner David Blitzer in the formation of Jupiter Links Golf Club. Tiger was also named as the first player on the roster of Jupiter Links, the sixth and final franchise for TGL's inaugural season.

Nov 08, 2023 18:11

Havas acquires majority stake in PR Pundit

Havas has acquired a majority stake in PR Pundit. This marks the debut of Havas Red, a Havas global PR network, into the Indian market. On closing, the firm will be rebranded PR Pundit Havas Red.

Nov 07, 2023 19:11

Lalit backs Saudi money in IPL, sees scope for secondary league

IPL founder Lalit Modi has welcomed reports that Saudi Arabia is interested in investing in the cash awash Indian Premier League. According to a Bloomberg report, Saudi Arabian Crown Prince Mohammed bin Salman's advisers have spoken to Indian government officials about moving the IPL into a holding company valued at as much as $30 billion.

Nov 07, 2023 18:11

Better Collective to buy Playmaker Capital for €176m

TORONTO: Sports media group Better Collective has agreed to buy Canadian digital sports media company Playmaker Capital for €176 million ($188m) in a deal that will nearly double its audience across the globe.

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