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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 ...