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Trying To Blend In: Joe Montana Invests In S.F.-Based Group Messaging Platform

Published in SportsBusiness Daily on 01 / 18 / 17

Pro Football HOFer Joe Montana has made a $250,000 strategic investment in Blend, a S.F.-based group messaging platform. Blend has focused on developing its own branded chatbots it calls Genies that retrieve online content on a variety of topics and personalities. Blend has created several sports-re...

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StubHub Sees 32% Revenue Growth For Q3

StubHub during its Q3 that ended Sept. 30 generated $263M in revenue, up 32% from the comparable period last year, and $1.1B in gross sales, up 23%, according to earnings released late yesterday by corporate parent eBay. Baseball was credited for the growth at the ticket resale marketplace, along wi ...

Tags: Finance, StubHub

AlphaDraft To End Paid Contests After Friday

FanDuel-owned fantasy e-sports site AlphaDraft on Friday is "shutting its doors," and it is unclear at this point if the site will "shut down entirely, or attempt to pivot to another aspect" of the e-sports industry, according to Callum Leslie of the DAILY DOT. AlphaDraft will "cease ...

Tags: Finance

Upcoming IPO Will Value Acushnet At $1.7B

Next week's IPO on the NYSE for Massachusetts-based Acushnet Holdings, the maker of Titleist golf equipment, will "peg the market value" of the company at around $1.7B, according to Dan Adams of the BOSTON GLOBE. The offering is expected to raise roughly $435M "with the sale of 19.3 million sha ...

Tags: Titleist, Finance, Golf

Fed Reportedly Sees WME-UFC Deal As "Problematic"

Federal Reserve examiners in recent weeks have notified WME-IMG's lenders, Goldman Sachs and Deutsche Bank, that the way the agency was able to stay under federal lending guidelines for its $4B UFC purchase "could be problematic," according to sources cited by Hoffman & Wirz of the WALL STR ...

Tags: UFC, Finance

Providence To Make $425M From Sale Of Learfield

Providence Equity is "set to make" a $425M profit on the sale of sports marketing company Learfield to Atairos , according to documents cited by Matt Jarzemsky of the WALL STREET JOURNAL. The firm's sale of Learfield for $1.2-1.3B "represents a 2.9-times return" on a '13 investment ( WALL STREET J ...

Tags: Finance

Atairos Acquires Learfield For Undisclosed Price

Learfield on Saturday was acquired by N.Y.-based private investment firm Atairos, and while terms of the deal were not disclosed, the price tag was "expected to be between" $1.2-1.3B, according to Evan Hoopfer of the DALLAS BUSINESS JOURNAL. Atairos is an "independent private investment firm that la ...

Tags: Finance

Four Final Bids Emerge In Learfield Sale

Four final bidders have emerged in the sale of Learfield: TPG Capital, Comcast’s Atairos, New Mountain Capital and Thomas H. Lee Partners. Final bids were due on Tuesday, and sources said a decision could come any day now. Learfield, which is currently owned by Providence Equity, is expected t ...

Tags: Finance

ISC Reports 3% Revenue Increase For Q3

ISC released '16 FY Q3 results today for the period ended Aug. 31, with the results showing an increase in total revenue but another downtick in the admissions revenue category. ISC, which postponed today's scheduled earnings call in order to prepare for Hurricane Matthew, saw total revenue of $129M ...

Tags: Finance, International Speedway Corp.

ScoreBig Providing Order Sources Amid Financial Woes

Embattled ticket outlet ScoreBig has broken nearly a week of public silence in its ongoing financial crisis, telling brokers it does business with it is "deeply saddened by recent events" and is "sensitive to the impact on your business." ScoreBig confirmed comments by the National Association of Ti ...

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Nike Shows Jump In Quarterly Sales

Nike yesterday reported an 8% jump in quarterly sales, but "slowing future demand for its sneakers and apparel fanned investors' concerns about the sportswear maker's growth prospects," according to Sara Germano of the WALL STREET JOURNAL. Nike's Q1 revenue was $9.06B as North American sales grew 6. ...

Tags: Nike, Finance

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