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Genius Sports Stock Drops 25% Over Legend Acquisition Announcement
RTTNews· 2026-02-05 16:25
Stock of Genius Sports Limited (GENI) is falling roughly 25 percent on Thursday morning trading following an announcement to acquire Legend, a digital sports and gaming media network, in a transaction valued at up to $1.2 billion.The company's stock is currently trading at $6.36, down 25.53 percent or $2.16, over the previous close of $8.55 on the New York Stock Exchange. It has traded between $6.37 and $13.73 in the past one year.Genius Sports said the acquisition will expand its media ecosystem and integ ...
Genius Sports Buys Gambling Media Company Legend in $1.2 Billion Deal
Yahoo Finance· 2026-02-05 15:35
Genius Sports has agreed to buy Legend, a digital sports and gambling media company, in a $1.2 billion transaction. Genius stock (NYSE: GENI) fell sharply after the market opened Thursday, falling 20% to $6.76 a share. Genius is paying $900 million up front, which includes $800 million in cash and $100 million in stock. The deal also includes an earnout of up to $300 million that will be split across two years once the transaction is completed. The transaction, the largest acquisition in Genius Sports’ hi ...
Genius Sports (NYSE:GENI) Earnings Call Presentation
2026-02-05 13:00
Accelerating the Genius Sports Media Strategy February 2026 Legend to Join Genius Sports Disclaimer Forward-Looking Statements This presentation contains forward-looking statements as defined in Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended, that involve significant risks and uncertainties. All statements other than statements of historical facts are forward-looking statements, including but not limited to statements relating to the closing timeline of ...