Menu
Finance

SPORTSLINE PRICES SECONDARY OFFERING OF 4 MILLION SHARES

          SportsLine USA announced that its secondary public
     offering of four million shares of common stock was priced
     at $37.625 per share.  Of the shares being offered,
     2,288,430 shares are being offered by SportsLine and
     1,711,570 shares are being offered by selling shareholders. 
     Net proceeds are expected to be approximately $81M.
     SportsLine also has granted the underwriters an option to
     purchase 600,000 shares of common stock to cover over-
     allotments, if any.  Underwriters include BancAmerica
     Robertson Stephens, NationsBanc Montgomery Securities,
     PaineWebber Inc. and Salomon Smith Barney.  SportsLine plans
     to use the net proceeds from the offering for working
     capital and other corporate purposes, including expansion of
     its marketing and ad sales efforts, content development and
     licensing, international expansion, capital expenditures and
     potential acquisitions of or investments in complementary
     businesses, products and technologies (SportsLine USA).

SBJ Morning Buzzcast: May 9, 2024

WNBA regular season games to be available on Disney+; Candace Parker's new role at Adidas; Rory McIlroy will not return to PGA Tour Policy Board and Theo Epstein's role with the PGA Tour moving forward.

Phoenix Mercury/NBC’s Cindy Brunson, NBA Media Deal, Network Upfronts

On this week’s pod, SBJ’s Austin Karp chats with SBJ NBA writer Tom Friend about the pending NBA media Deal. Cindy Brunson of NBC and Phoenix Mercury is our Big Get this week. The sports broadcasting pioneer talks the upcoming WNBA season. Later in the show, SBJ media writer Mollie Cahillane gets us set for the upcoming network upfronts.

SBJ I Factor: Molly Mazzolini

SBJ I Factor features an interview with Molly Mazzolini. Elevate's Senior Operating Advisor – Design + Strategic Alliances chats with SBJ’s Ross Nethery about the power of taking chances. Mazzolini is a member of the SBJ Game Changers Class of 2016. She shares stories of her career including co-founding sports design consultancy Infinite Scale career journey and how a chance encounter while working at a stationery store launched her career in the sports industry. SBJ I Factor is a monthly podcast offering interviews with sports executives who have been recipients of one of the magazine’s awards.

Shareable URL copied to clipboard!

https://www.sportsbusinessjournal.com/Daily/Issues/1998/04/24/Finance/SPORTSLINE-PRICES-SECONDARY-OFFERING-OF-4-MILLION-SHARES.aspx

Sorry, something went wrong with the copy but here is the link for you.

https://www.sportsbusinessjournal.com/Daily/Issues/1998/04/24/Finance/SPORTSLINE-PRICES-SECONDARY-OFFERING-OF-4-MILLION-SHARES.aspx

CLOSE