Bruin Sports Capital Exploring Possible Sale Of Deltatre
Bruin Sports Capital is "exploring strategic options for its media and technology company Deltatre, including a possible sale," according to sources cited by Soshnick & Ahmed of BLOOMBERG NEWS. George Pyne's firm reportedly is "working with advisers on options that include a sale" valuing the company at $1B or more. Deltatre is a "streaming-services provider to big players in sports and entertainment," including the NFL, UEFA and Discovery Inc. Sports and entertainment companies have been "buying such companies to cut out middlemen and offer content directly to consumers" Bruin could use the proceeds from a sale "to fund acquisitions." Bruin also has been in talks with Endeavor about selling On Location Events (BLOOMBERG NEWS, 12/11).