Sportsradar to acquire IMG Arena.

Sportsradar, a sports technology company that provides sports data services for betting and media industries, agreed to acquire IMG Arena, a sports and federations company, from Endeavor Group, a sports and entertainment company. Financial terms were not disclosed. “Sportradar's success is driven by the breadth of its sports coverage, its broad product portfolio and leading technology, and its global distribution network. Given our proven track record of maximizing ROI through our global betting rights deals and our strengthened position across tennis, basketball and soccer, we are confident in our ability to realize the full economic potential of this portfolio. In addition, the unique structure of this transaction accelerates our revenue and cash flow profile and will be immediately accretive to our margins. The addition of these strategic rights will unlock new growth opportunities, enabling us to deliver exceptional value to our partners, clients and shareholders,” Carsten Koerl, Sportradar, Chief Executive Officer.