Deals
Sports Data Company Genius Sold to Private Equity Apax Partners
- Genius has deals with global sports leagues including MLB, PGA
- Move comes soon after U.S. Supreme Court OKed sports betting
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Private equity firm Apax Partners LLP has agreed to acquire Genius Sports, the data and technology company with ties to a number of global gambling houses and sporting bodies, including Major League Baseball and English Premier League soccer.
Terms of the deal, which is likely to close by the end of September, weren’t disclosed. About three weeks ago Canada Pension Plan Investment Board and the private equity firm TCV bought a minority stake in Sportradar AG, another sports data analysis firm, then valued at $2.4 billion.