Deals
Z Capital to Explore Sale of Daily Racing Form Owner
- Potential suitors may include Flutter, Penn, DraftKings
- New York-based company could fetch more than $350 million
Photographer: Luke Sharrett/Bloomberg
This article is for subscribers only.
Z Capital Group is exploring strategic alternatives including a sale of Sports Information Group LLC, the owner of horse-racing data and media platform Daily Racing Form, according to people with knowledge of the matter and a document sent to prospective buyers reviewed by Bloomberg.
Potential buyers include Penn National Gaming Inc., DraftKings Inc. and Flutter Entertainment Plc, said one of the people, who requested anonymity because the information is private. The company could fetch more than $350 million, the person added.