Investments

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

SportzPower Team
Apr 24, 2024 20:04

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.

Sep 02, 2020 19:09
Unacademy raises $150m in SoftBank-led investment round
BENGALURU: Unacademy, India’s leading learning platform, has raised an investment of $150 million in a round led by SoftBank Vision Fund 2i. Existing investors General Atlantic, Sequoia Capital, Nexus Venture Partners, Facebook, and Blume Ventures also participated in the round. The latest funding round values Unacademy at $1.45 billion.
Sep 02, 2020 18:09
Rugby sevens boosted by prep investment ahead of Olympics
DUBLIN, Ireland: World Rugby has announced details of a rugby sevens investment strategy to optimise the sport’s preparation for, and participation at, the Tokyo 2020 Olympic Games, now scheduled for July 2021.
Sep 01, 2020 17:09
Matthew Hayden
Oz govt names ex-cricketer Hayden as trade envoy to India
NEW DELHI: The Australian government has appointed former cricketer Matthew Hayden and Indian-origin politician Lisa Singh as trade envoys for advancing business ties with India. 
Aug 24, 2020 18:08
Blasters Sports Ventures Radnicki Belgrade combo logo
KBFC parent enters volleyball arena, partners Serbian club
KOCHI: Following a successful foray into football with Kerala Blasters Football Club (KBFC), Blasters Sports Ventures Private Limited (BSVPL), the parent company of KBFC has announced its venture into volleyball with the ‘Radnicki Blasters’. 
Aug 21, 2020 16:08
Williams Racing logo
Williams announce sale of F1 team to US investment company
GROVE, England: Williams Racing has been acquired by US-based private investment firm Dorilton Capital, bringing a successful conclusion to the Strategic Review which was launched in late May. 
Aug 19, 2020 14:08
Deloitte acquires advertising & mkting advisory Spatial Access
NEW DELHI: Deloitte Touche Tohmatsu India LLP (Deloitte) on Tuesday announced the acquisition of Spatial Access, a leading specialised advertising and marketing advisory and analytics firm. The move will augment Deloitte's advisory capabilities and enable brands to make more efficient advertising and marketing decisions.
Aug 17, 2020 20:08
Mahendra Singh Dhoni
Alongside MSD's intl retirement, a major investment
MUMBAI: Even as India great Mahendra Singh Dhoni announced his retirement from international cricket via Instagram on Saturday, indications of how his "second innings" will pan out for the player from Ranchi are already in evidence.
Aug 14, 2020 17:08
Facedrive Inc logo
Revolutionary tech breathing new life into $600bn industry
LONDON: Combine a Super Bowl-winning quarterback with some of the biggest names in the tech industry and you could be looking at the phenomenally lucrative future of sports. Only this time, the biggest winner may be a small Canadian startup that's got their attention.
Aug 13, 2020 15:08
Formula E champion team in strategic partnership with Rakuten Sports
LONDON: Reigning ABB FIA Formula E Champion DS TECHEETAH announced Wednesday a new strategic partnership with Rakuten Sports, a Rakuten Group service that focuses on creating partnerships built on shared values with professional sports teams, athletes, brands and rights-holders.
Aug 12, 2020 19:08
Unacademy logo
Unacademy extends IPL assn, picks up title sponsor bid papers
MUMBAI: Education technology company Unacademy, already an official sponsor of the Indian Premier League, has, as per reports, not only extended its partnership for a further four years (2020-2023), but also bought bid papers for title sponsorship of the 2020 edition of the IPL. 
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