SportsGrid seeks buyer as wagering media revenue falls
By SectorWire desk ·
Summary
SportsGrid is reportedly seeking a buyer with help from investment bank Telos Advisors, citing an unnamed source first according to the report. 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.
Why it matters
A potential sale could affect operators considering commercial relationships with sports wagering media companies.