Brief: Sportradar Announces Agreement To Acquire IMG Arena And Its Strategic Portfolio Of Global Sports Betting Rights
19/03/2025 11:15
March 19 (Reuters) - Sportradar Group AG 1M4.F: SPORTRADAR ANNOUNCES AGREEMENT TO ACQUIRE IMG ARENA AND ITS STRATEGIC PORTFOLIO OF GLOBAL SPORTS BETTING RIGHTS SPORTRADAR GROUP AG: ENTERED INTO DEFINITIVE AGREEMENT WITH ENDEAVOR GROUP TO ACQUIRE IMG ARENA AND ITS GLOBAL SPORTS BETTING RIGHTS PORTFOLIO SPORTRADAR GROUP AG: DEAL EXPECTED TO ACCELERATE REVENUE, ADJUSTED EBITDA AND FREE CASH FLOW GROWTH AND WILL BE ACCRETIVE TO ADJUSTED EBITDA MARGINS SPORTRADAR GROUP AG: TRANSACTION PROVIDES FINANCIAL CONSIDERATION TOTALING $225 MILLION Source text: ID:nGNXbvhxR9 Further company coverage: 1M4.F ((Reuters.Briefs@thomsonreuters.com))
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