SportsGrid is reportedly seeking a buyer with help from investment bank Telos Advisors, citing an unnamed source first reported by Front Office Sports. The company has reportedly held talks with potential buyers for several months, and one possible lead buyer has emerged. SportsGrid’s revenue has declined in recent years after it lost major sportsbook partnerships with operators such as FanDuel and BetMGM.
SportsGrid, a sports wagering media network, is reportedly working with investment bank Telos Advisors to find a buyer, according to an unidentified source cited in a report. The company has reportedly held talks with prospective buyers for several months, and one potential lead buyer has emerged. The identity of that buyer was not disclosed.