Sportradar is going public in a deal with Horizon Acquisition Corp. II that values the sports data company at $10 billion, Spot Rechie reports, citing a person familiar with the negotiations.
Rumors of a deal began swirling last week. Neither company has issued a formal announcement, nor has the SPAC filed with the SEC about any pending deal as of late morning March 8.
Sportradar and SPAC led by Los Angeles Dodgers minority owner and former Guggenheim president Todd Boehly have a signed letter of intent, said the source.
If the deal closes, it will be one of the largest SPAC valuations — and the largest for a sports-related property. The blank-check company raised $500 million last year from its IPO and over-allotment sale. Its board includes DraftKings co-founder and CEO Jason Robins. Read more.
