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Jordan Avakian Group Partnering With Tech Startup WaitTime, Acquires Stake In Company

Published in SportsBusiness Daily on 03 / 23 / 17

Jordan Avakian Group, co-founded by Jeffrey Michael Jordan and Sevan Avakian, has "acquired private equity" in Detroit-based crowd-science startup WaitTime for an "undisclosed amount," according to Tyler Clifford of CRAIN'S DETROIT BUSINESS. WaitTime uses "artificial intelligence technology to provi...

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Nike Beats Analysts' Q2 Expectations

Nike yesterday " handily beat analysts' expectations ," as the company's total sales jumped 6% to $8.2B and its Q2 earnings increased 7% to $842M, 50 cents a share, according to Jeff Manning of the Portland OREGONIAN. Nike President, Chair & CEO Mark Parker "conceded in his remarks to stock ...

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Nike's Stock Posts Underwhelming Yearly Results

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Strivr Labs Announces $5M Round Of Funding

VR firm Strivr Labs yesterday disclosed that it raised $5M in an "initial round of funding to expand further into sports and the workplace," according to Betsy Morris of the WALL STREET JOURNAL. The funding group is led by Signia Venture Partners and "includes BMW AG's iVenture's unit and Advancit C ...

Tags: Finance

Sportradar Rolling Out New Accelerator Program

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Tags: Finance

VF Corp. Mum On Majestic Sale To UA

Shortly after MLB yesterday formally  announced Under Armour as its uniform provider starting in '20, current rightsholder VF Corp. said that it is in "ongoing, productive talks" with MLB with a collective goal to ensure that its Palmer Township, Pa., facility -- home to the Majestic brand -- ...

Tags: Finance, Under Armour, Majestic Athletic, VF Corp., MLB

Could Disney Really Let Go Of ESPN?

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Tags: ESPN, Finance

Nike Files Flurry Of Tech Patent

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Tags: Finance, Nike

Former MLBers Launching Private-Equity Fund

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Tags: Finance

Under Armour Changing Stock Ticker Symbols

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Dick's Keeping 22 Sports Authority Stores

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Tags: Finance, Dicks Sporting Goods

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