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Sportradar to Acquire IMG Arena From Endeavor
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Sportradar to Acquire IMG Arena From Endeavor
Mar 19, 2025 4:56 AM

07:33 AM EDT, 03/19/2025 (MT Newswires) -- Sportradar Group ( SRAD ) said Wednesday it has entered into a definitive agreement with Endeavor Group ( EDR ) to acquire IMG Arena and its global sports betting rights portfolio.

Under the terms, IMG Arena will pay $125 million cash to Sportradar ( SRAD ) and up to $100 million cash prepayments to certain sports rightsholders, for a total of $225 million, Sportradar ( SRAD ) said, adding it will not be required to pay any amount to the Endeavor Group ( EDR ).

The deal, expected to close in Q4, is anticipated to be accretive to its adjusted EBITDA margins, Sportradar ( SRAD ) said.

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