The deal values the UK betting knowledge agency at $1.5 billion, the businesses stated in a press release. The transaction is predicted to shut within the first quarter of subsequent yr and features a $330 million funding by institutional and trade traders.
The mixed enterprise plans to “speed up its US and worldwide growth via natural progress and strategic acquisitions,” the businesses added.
Genius Sports activities collects stay sports activities knowledge and offers it to bookmakers all over the world. The corporate works with organizations such because the English Premier League, the PGA Tour and the Nationwide Collegiate Athletic Affiliation, which oversees faculty sports activities the USA.
The Genius Sports activities deal can be the biggest acquisition of a European firm by a US-listed SPAC this yr, based on Dealogic. dMY went public in August, elevating $240 million to do offers within the shopper expertise area and including its identify to a string of SPAC listings.