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Drone Racing League acquired by Infinite Reality

Morning Buzz - 04/23/2024
AI technology firm Infinite Reality has signed a definitive agreement to acquire the Drone Racing League for $250M. The acquisition bolsters Infinite Reality's capabilities and IP, and boosts its valuation to $3.5B. The DRL deal marks Infinite Reality's latest acquisition to a portfolio that includes spatial web design firm...

JD Sports continues U.S. growth in Hibbett acquisition

Daily - 04/23/2024
JD Sports Fashion is buying Hibbett in a deal that values the American retailer at $1.08B, “doubling down on its push into the U.S.,” according to Elena Vardon of the WALL STREET JOURNAL. The U.K. company said that its acquisition of Birmingham, Ala.-based Hibbett “accelerates its growth plans...

StubHub preparing for late summer IPO

Daily - 04/17/2024
StubHub is planning an initial public offer and is “aiming to go public by late summer,” according to sources cited by Cory Weinberg of THE INFORMATION. StubHub has “more than” $2B in debt, many times its estimated profits. The company will “test investors’ appetite for companies with strained balance...

Adidas enjoys YOY boost in profits for Q1

Morning Buzz - 04/17/2024
Adidas "unexpectedly raised its full-year guidance and reported a year-on-year profit increase" for Q1 today, which has caused shares to jump 6.3%. Operating profit for the year is now expected to reach around $745M; it had previously forecast operating profit near $532M. The company also now "expects the sale...
Quote Of the day

I think our fans would like more, and we're probably in that same boat, but we're working with the powers that be with the league and all that stuff to get to where we could get.

-- Texans owner Cal McNair, on the team wanting to use more "H-Town Blue" in their new uniforms but being limited by the NFL and the Titans. HOUSTON CHRONICLE, 4/23.
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