Score Media and Gaming listed on the NASDAQ and raised $162M to fund its foray into sports betting. As an emerging sector, sports betting has almost doubled in value over the past year. The global sports betting market topped $200B billion in 2020 and growing at almost 10% a year. Investment returns could outstrip revenue gains as the fragmented industry consolidates. [more]
Major Canadian and U.S. firms, including Xcel Energy, Home Depots, Magna, RBC, Thomson Reuters, and Walmart, announce dividend increases after strong fourth-quarter results. [more]
After five years under Cerberus Capital Management‘s control, automotive part manufacturer ABC Technologies goes public. Following the offering, Cerberus should retain ~76% of the company. ABC is a pioneer in molding technologies especially in the auto industry. [more]
Propelled by surging eCommerce, Drizly cashes in on shuttered bars with sale to Uber. It is the second major deal in the last year for Uber after buying Postmates for $2.65 billion in 2020. [more]
WELL Health’s buying spree continues with a major acquisition with C$302.5M financing led by Mr. Li Ka-shing. The acquisition will add annual revenue of US$100M with a run-rate of US$120 million to Well Health’s books. CRH currently has an EBITDA operating margin of 40%. [more]
Pocket Gamer Connects conference discusses the market growth in 2020, an uptick in M&A activity, and how revenue models are changing the industry. [more]
Video game developer Electronic Arts announced the acquisition of mobile game developer Glu Mobile for $2.1 billion, a 36% premium to the market. [more]
From LAN parties to stadiums, Esports looks to take the next steps in 2021 with innovative sponsors, expanding revenue streams, and growing viewership. [more]
Roblox, an online game platform, filed an amended prospectus in preparation for a direct listing on the NYSE in February, under the ticker “RBLX”. The latest financing values the Company at $29.5B, making Roblox one of the most valuable private companies. [more]
The EV market is experiencing high activity as more EV-focused companies list publicly, expand product offerings, and create partnerships. However, EV sales growth has significantly declined in the past year. [more]
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