The transaction was initiated on March 22, with Sportskeeda picking up 73.27% of Pro Football Network via Absolute Sports
Sportskeeda also reserves an option to acquire up to 10% and up to 8% additional stake in Pro Football Network in 2024 and 2025, respectively
Pro Football Network, which covers NFL in the US, had a turnover of $2.1 Mn as on December 31, 2022, per Nazara’s filings
Sports media outlet Sportskeeda, a wholly-owned subsidiary of listed gaming startup Nazara Technologies has completed the acquisition of US-based NFL news outlet Pro Football Network Inc.
The transaction was initiated on March 22, with Sportskeeda picking up 73.27% of Pro Football Network in an all-cash deal worth $1.82 Mn via another of Nazara’s wholly-owned subsidiaries, Absolute Sports.