Ari Emanuel Is Paying Sportradar to Take IMG Arena Off His Hands
Sportradar Group AG, the Switzerland-based sports technology provider, isn't paying a dime to take over Endeavor Group Holdings Inc. 's IMG Arena business.
Endeavor, the sports and talent management business co-founded by superagent Ari Emanuel, will pay Sportradar $125 million to assume the operation and an additional $100 million to sports rights holders, according to an announcement from the two companies Wednesday.
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Shein's planned Hong Kong listing to benefit from wider capital pool, analysts say
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Exclusive-Ivory Coast workers say Unilever is violating their union rights amid share sale, documents show
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Canada's Dundee Precious to buy UK's Adriatic Metals in $1.25 billion deal
(Reuters) -Canada's Dundee Precious Metals will acquire UK's Adriatic Metals in a cash-and-stock deal valued at $1.25 billion, the companies said on Friday, marking the latest in a string of foreign takeovers of UK firms. The proposed transaction comes amid a growing wave of acquisitions targeting UK-based firms, with more than 30 bids exceeding 100 million pounds announced so far this year, up from 26 during the same period last year. Toronto-listed Dundee is offering 268 pence per Adriatic share in a cash-and-stock deal, consisting of 93 pence in cash and 0.1590 new Dundee shares for each Adriatic share, a 50.5% premium to Adriatic's closing price on May 19. Dundee said the combined group will strengthen operations through an "attractive production, mineral reserve and mineral resource base and a compelling metal mix." "The Vareš is a logical fit with our portfolio, and adds near-term production growth and mine life, a highly prospective land package, and cash flow diversification," Dundee CEO David Rae said in a statement. Dundee, a gold miner with operations in Bulgaria and Namibia, is acquiring London-listed Adriatic, which is currently developing the Vares silver project in Bosnia and Herzegovina.
