Pro Football Network’s Matt Cannata talks Absolute Sports acquiring a majority stake in his company
"We’ve always wanted to look at an investment to throw gasoline on the fire."
"We’ve always wanted to look at an investment to throw gasoline on the fire."
The deal values Barstool Sports at $606 million.
“Soccer is on the rise in the U.S. and Canada, and Playmaker is focused on becoming the preeminent voice for the sport across the Americas, from the top of Canada to the bottom of Argentina.”
The much-discussed DAZN-BT Sport deal might actually come to pass.
For at least the third time this year, there are talks about The Athletic being for sale.
The companies reportedly couldn't agree on an acquisition price, or on how to handle staffers with equity in The Athletic.
Action Network brought in around $15 million in revenue last year, but is projecting $40 million in revenue this year.
Minute Media CEO Asaf Peled said the new funding "will help us invest in our technology platform and enable us to look at new digital brands as acquisition targets."
The asking price resembles what Spotify paid for Gimlet Media last year.
Spotify has acquired a number of podcasting-focused companies recently, and The Ringer may be the next in their sites.
Minute Media, known for sites like 90min.com and 12up, and for buying The Big Lead in March, is in exclusive talks to acquire The Players' Tribune.
"The agreement with Disney offers Sinclair an opportunity to charge consumers more by packaging their cable and broadcast programs."
"Apollo's talks with James' multimedia platform have focused on a strategic partnership deal that could see James contributing and advising on content for the networks."