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.

Dec 18, 2023 17:12

Zee seeks extension of timeline to complete merger with Sony

The wait for closure on the merger proposal between Zee Entertainment Enterprises Ltd (ZEEL) and Culver Max Entertainment Private Limited (CMEPL aka Sony Pictures Networks India Pvt Ltd - SPNI) has just got longer. But no one is surprised.

Dec 15, 2023 16:12

Indian Supercross Racing League Reise MotoSports

Reise 6th team in Indian Supercross Racing League

BENGALURU: The CEAT Indian Supercross Racing League (ISRL) continues its momentum as it proudly announces the inclusion of Reise MotoSports, the sixth team, in its inaugural season. Owned by Reise Moto, Reise MotoSports is set to add a new dimension to the world of Indian Supercross.

Dec 14, 2023 20:12

Odisha govt, Tata Steel sign MoU for 2 high-performance centres

The Odisha government and Tata Steel on Wednesday signed an MoU to establish high-performance centres (HPCs) for archery and sport climbing.

Dec 14, 2023 19:12

As merger deadline looms, Zee-Sony race to reach agreement

With the December 21 deadline to close their merger agreement looming, Zee Entertainment Enterprises Ltd and Culver Max Entertainment (aka Sony Pictures Networks India), appear no closer to agreement on who will lead the combined entity.

Dec 14, 2023 18:12

Bain Capital to acquire stake in sports & nutrition co 1440 Foods

NEW YORK: 1440 Foods,a leading portfolio of sports and active nutrition brands, announced the signing of a definitive agreement for Bain Capital Private Equity to acquire a significant stake in the company, in partnership with existing investor and operator 4x4 Capital.

Dec 13, 2023 20:12

Agilitas Sports raises Rs100cr from Nexus Venture Partners

Sportswear startup Agilitas Sports, co-founded by former Puma India MD Abhishek Ganguly, has secured funding of Rs 100 crore ($11.9 million) from venture capital firm Nexus Venture Partners. The funding would help Agilitas accelerate its growth plans and solidify its end-to-end capabilities from research and manufacturing to retail.

Dec 06, 2023 20:12

Pitchbook Competition: 7 sports startups shortlisted

AHMEDABAD: Seven sports startup companies have been shortlisted for the Pitchbook Competition during the country’s first ever Gujarat Sports Startup Conclave, slated to be held on December 11 at the TransStadia University in Ahmedabad. Over 60 sports startup companies had registered for the Conclave as the window for applying came to an end on December 02.

Dec 05, 2023 20:12

CWG end nigh? '26 Games in doubt after Gold Coast 'no' as host

There are serious doubts now over whether the next Commonwealth Games (CWG), scheduled for 2026, will take place. This comes after Australia's Gold Coast on Monday ruled itself out of hosting the quadrennial multi-sport event. It bears noting that Gold Coast is the second potential Australian host of the 2026 Games to have "dropped the baton" on the event after Victoria earlier pulled the plug on it.

Nov 29, 2023 19:11

Women’s sports to break $1bn revenue barrier in 2024: Deloitte

Annual global revenues for women’s elite sports will generate $1.28 billion in 2024 (£1.02bn), Deloitte said on Wednesday. This is the first time that the billion-dollar threshold willl be breached. This total is at least 300 per cent higher than Deloitte’s previous valuation three years ago.

Nov 27, 2023 17:11

Neeraj Chopra invests in regional OTT Platform Stage

Regional OTT platform Stage Monday announced Olympic champion Neeraj Chopra's onboarding as an investor. Neither the quantum of stakeholding that India's javelin ace had picked up, nor the enterprise valuation at which the transaction was made were disclosed. Stage made a public announcement about the development in Chopra’s ancestral village in Panipat, Haryana.

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