Sportradar agrees to sell Atrium Sports to Teamworks for US $170 million
Sportradar Group AG agreed to divest Atrium Sports, Synergy Sports' coaching and scouting operation, to Teamworks Innovations, Inc. for US $170 million in cash. The parties target completion in the fourth quarter of 2026 after customary conditions are met. Sportradar will keep selected technology and related revenue streams used in its betting, gaming and media activities.
Why it matters
Sportradar says the sale narrows its operations around betting, gaming and media, while the cash proceeds are intended to reinforce its balance sheet and fund capital-allocation priorities. The company says the price represents a double-digit EBITDA multiple compared with its market valuation.
Key facts
- 1Sportradar agreed to transfer Atrium Sports to Teamworks Innovations, Inc. for US $170 million in cash. globenewswire.com
- 2Atrium Sports is the coaching and scouting operation within Synergy Sports. globenewswire.com
- 3The companies aim to complete the sale in the fourth quarter of 2026, contingent on customary closing requirements. globenewswire.com
- 4Sportradar will retain automated video-production cameras, automated graphics solutions, certain computer-vision capabilities and competition-management products. globenewswire.com
- 5Sportradar described the valuation as an accretive double-digit EBITDA multiple relative to its market valuation. globenewswire.com
Summary written by AlphAI from 5 of 5 sources. Not investment advice. Figures are as stated by the linked sources.