Authentic Brands Group to acquire a 55% stake in DB Ventures for $200m.

Authentic Brands Group, a brand management company, agreed to acquire a 55% stake in DB Ventures, a venture builder, specializing in online to offline brokerage models, for $200m. “David and his team have built an enterprise that spans sports, entertainment, lifestyle and luxury, and we see significant opportunities to scale his brand and expand it into new verticals,” Jamie Salter, Authentic Brands, Founder Chairman and CEO.