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Genius Sports Group has signed a 10-year exclusive partnership with the Pro Footvolley Tour to enhance global visibility and engagement in the sport. This collaboration will utilize GeniusLive, the company's innovative live streaming solution, to create the sport’s first live video platform. GSG will also distribute official data and video content from Pro Footvolley Tour events, expanding its reach to sportsbooks worldwide. The upcoming 2021 season will feature 26 tour stops and an annual 'World Series of Footvolley'. This partnership is expected to drive significant revenue and sponsorship opportunities in the growing sport.
Greenberg Traurig, LLP acted as gaming regulatory counsel for dMY Technology Group, Inc. II (NYSE: DMYD) in a definitive business combination with Genius Sports Group Limited (GSG). This merger will enable dMY II and GSG shareholders to exchange their shares for those of the newly formed company, which will be listed on the NYSE. The transaction is valued at approximately $1.5 billion, positioning the combined entity within the sports data and technology sector.
Genius Sports Group and dMY Technology Group II announced a definitive business combination agreement, valued at $1.5 billion, to create a new publicly traded company on the NYSE. Existing shareholders will exchange shares for equity in the new entity. The transaction includes approximately $276 million from dMY's trust and a $330 million PIPE investment. Genius Sports, a leading provider of sports data, boasts partnerships with over 500 organizations globally. The deal is expected to close in Q1 2021, pending shareholder approval and other customary conditions.
