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BRIEF-Sportradar Announces Agreement To Acquire IMG Arena And Its Strategic Portfolio Of Global Sports Betting Rights
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BRIEF-Sportradar Announces Agreement To Acquire IMG Arena And Its Strategic Portfolio Of Global Sports Betting Rights
Mar 19, 2025 4:38 AM

March 19 (Reuters) - Sportradar Group AG ( SRAD ):

* SPORTRADAR ANNOUNCES AGREEMENT TO ACQUIRE IMG ARENA AND

ITS

STRATEGIC PORTFOLIO OF GLOBAL SPORTS BETTING RIGHTS

* SPORTRADAR GROUP AG ( SRAD ): ENTERED INTO DEFINITIVE AGREEMENT

WITH

ENDEAVOR GROUP TO ACQUIRE IMG ARENA AND ITS GLOBAL SPORTS

BETTING RIGHTS PORTFOLIO

* SPORTRADAR GROUP AG ( SRAD ): DEAL EXPECTED TO ACCELERATE REVENUE,

ADJUSTED EBITDA AND FREE CASH FLOW GROWTH AND WILL BE ACCRETIVE

TO ADJUSTED EBITDA MARGINS

* SPORTRADAR GROUP AG ( SRAD ): TRANSACTION PROVIDES FINANCIAL

CONSIDERATION TOTALING $225 MILLION

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