BRIEF-Sportradar Announces Agreement To Acquire IMG Arena And Its Strategic Portfolio Of Global Sports Betting Rights

Reuters03-19

March 19 (Reuters) - Sportradar Group AG 1M4.F:

SPORTRADAR ANNOUNCES AGREEMENT TO ACQUIRE IMG ARENA AND ITS STRATEGIC PORTFOLIO OF GLOBAL SPORTS BETTING RIGHTS
SPORTRADAR GROUP AG: ENTERED INTO DEFINITIVE AGREEMENT WITH ENDEAVOR GROUP TO ACQUIRE IMG ARENA AND ITS GLOBAL SPORTS BETTING RIGHTS PORTFOLIO
SPORTRADAR GROUP AG: DEAL EXPECTED TO ACCELERATE REVENUE, ADJUSTED EBITDA AND FREE CASH FLOW GROWTH AND WILL BE ACCRETIVE TO ADJUSTED EBITDA MARGINS
SPORTRADAR GROUP AG: TRANSACTION PROVIDES FINANCIAL CONSIDERATION TOTALING $225 MILLION

Source text: ID:nGNXbvhxR9

Further company coverage: 1M4.F

((Reuters.Briefs@thomsonreuters.com))

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