The Weekly Drop 04.20.2023
The hottest news from sports, gaming, media, web3, and fitness.
We saw sizeable mergers in sports, gaming, and media headlined by the WWE acquisition. Capital raising continues in a tough environment with money flowing to sports and music startups. Athletes continue to make their presence felt in the tech space.
Big Mergers in Gaming and Sports
🤝🏻 WWE has bought by UFC owner Endeavor in a $9.3Bn deal. Mobile game leader Scopely was purchased by Saudi-Backed Savvy Games for $4.9Bn. Sega acquired Angry Birds maker Rovio for $776MM.
Beyond The Game Portfolio Companies In The News
👏🏼 Congratulations to Fan Controlled Football on two Sports Emmy nominations! Learn about Artie’s new gaming engine. Read review of Fount’s health program and hear from their CEO here.
Tech news, capital raises, and more
⚽ UK sports betting Entain buys 365scores for $160MM more
🏋️ Tonal restructures and demotes CEO with new $130MM funding details
🚀 Teamworks closes $65MM Series E and buys ARMS Software read
🏀 Buzzer adds $20MM for micro sports streaming details
🔔 LL Cool J’s Rock the Bells nets $15MM more
🏈 Prophet Exchanges closes $10MM for P2P sports betting details
🎾 Padel Haus gets $7.5MM for indoor courts here
🎶 Turntable LIVE inks $7MM for virtual music platform more
Athletes in the News
🏈 Magic joins Josh Harris’ $6Bn bid for Commanders more
⚽ USWNT members join new NWSL in San Fran read
🏀 NBA vet Jimmer Fredette launching $50MM VC fund here
🏈 NFL’s Urlacher in $8MM raise for trading card app Ludix details
📺 Serena’s 926 Productions gets Amazon Studios deal more
👟 Penny Hardaway invests and partners with Tradeblock read
🏋️ 6-Time Mr. Olympia Yates Acquires MedX here
Portfolio Company Job Postings
Oura Ring (Health): Ops, Product, and Dev roles here
Eight Sleep (Fitness): Engineer, Growth, Product roles here
Artie (Gaming): Design roles here
GreenPark Sports (Gaming): Design and Marketing roles here
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