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May 11, 2006
Sports Content Hot For M&A
We're noticing a little spike in sporting news and content M&A in Europe. Yesterday London-based PA Sport announced acquiring US-oriented SportsTicker from ESPN. Venture-backed sports content and news startups might want to note that there is a bit of consolidation going on if they are looking to be acquired. Here are a few others.
Last month, France's Sporever, a publisher of online sports news and newspapers acquired sports stock photo supplier Panoramic for an undisclosed amount. Panoramic is profitable and had sales of €2M last year.
Maktoob Group, an Internet provider for the Arab market, bought 5 year old Middle Eastern sports site Sport4ever.com for an undisclosed amount.
Ireland's Setanta Sports Group, backed by Benchmark Capital Europe and the AIG Sports and Entertainment Fund, acquired North American Sports Network (NASN) last year. The target delivers American sport to European markets and complements Setanta's channels in the UK and Ireland that has broadcasts European soccer league games.
PA Sports said it bought SportsTicker for its US market share in the delivery of real-time sport content to the likes of Yahoo Sport, Microsoft, Sportsline.com and Fox Sports. PA Sport belongs to the PA Groups, which owns business, sport, the Empics stock photo service, as well as a couple of training and consulting businesses. It is privately owned by a network of regional publishers, and has annual sales of £69.7 million generating an operating profit of £5.9 million
Posted on May 11, 2006 05:15 AM | Posted to Media | News And Updates | Permalink
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