Market News / Story
Sportradar sells Atrium Sports in a streamlining move
Seeking Alpha ·
Seeking Alpha reports: Sportradar Group AG announced on Wednesday that it struck a deal to sell Atrium Sports for $170M in cash. The company noted that the transaction represents an accretive double-digit EBITDA multiple relative to Sportradar's market valuation. The transaction to sell the sports technology business is currently expected to close in Q4, subject to satisfaction of customary closing conditions. "This transaction optimizes and streamlines our business as we focus on our core…