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Sportradar Announces Close of Acquisition of IMG ARENA and Its Strategic Portfolio of Global Sports Betting Rights
Globenewswire· 2025-11-03 12:00
Core Viewpoint - Sportradar Group AG has completed the acquisition of IMG ARENA, enhancing its position as a leading technology and content provider in global sports betting [1][5] Group 1: Acquisition Details - The acquisition includes IMG ARENA's global sports betting rights portfolio, which encompasses strategic relationships with over 70 rightsholders, delivering approximately 38,000 official data events and 29,000 streaming events across 14 global sports [2][4] - The total financial consideration for the acquisition amounts to $225 million, which includes approximately $122 million in cash prepayments to certain sports rightsholders and approximately $103 million to Sportradar, with payments made over a two-year period [4] Group 2: Financial Impact - The acquisition is expected to be accretive to Sportradar's adjusted EBITDA margins and free cash flow conversion, while accelerating revenue, adjusted EBITDA, and free cash flow growth [4] - Sportradar anticipates seamless integration and monetization of the acquired rights across its scalable technology platform and client network [3] Group 3: Strategic Importance - The acquisition significantly expands Sportradar's access to premium sports content, strengthening its global portfolio and capabilities [5] - The company aims to deliver more immersive, data-rich experiences to clients, partners, and fans, while accelerating innovation across the global sports ecosystem [5][6]