Sportradar and Horizon Acquisition II, a SPAC led by Los Angeles Dodgers co-owner Todd Boehly, are walking away from a potential deal to take the sports data provider public, Sportico reports, citing people familiar with the matter.
Sportradar will instead try to go public through a more traditional IPO, said one of the people. It’s unclear when that process would begin.
Sportradar and Horizon had agreed in March on a deal that would take the company public at a $10 billion valuation. Read more.
