LONDON | NEW YORK | LOS ANGELES | February 22nd, 2022 – Drake Star is pleased to release the January 2022 edition of its Global Sports Tech Industry Update. January showed exceptional M&A activity with 31 deals announced and a record $87.7bn in disclosed deal activity
- Microsoft acquired gaming company Activision Blizzard for $68.7bn
- Savvy Gaming Group and Saudi Arabia’s Public Investment Fund acquired esports tournament operator ESL Gaming for $1.1bn
- The New York Times acquired sports media platform The Athletic for $550m
A strong start to the year with January fundraising activity reaching a total of 84 deals and $1.1bn in disclosed funding
- PortalOne raised $60m in a Series A round in a deal led by Tiger Global Management
- Smart Score raised $42m in development funding in a deal led by ICONIQ Capital
- Fan Controlled Football raised $40m in a Series A round in a deal led by AnimocaBrands and Delphi Digital
Drake Star Global Sports Tech Team:
Gregory Bedrosian, Eric Ward, Michael Metzger, Mathilde Deschamps, Edward Page, Michael Heilweil
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