Genius Sports, Official NFL Data Rights Owner, Enters $1.5 Billion Merger with dMY Technology Group
Genius Sports Group (GSG), the official data rights owner of the National Football League, has completed its merger with dMY Technology Group (dMY II) to a tune of $1.5 billion.
“As Genius Sports enters an exciting new chapter in its history, we are uniquely positioned at the heart of the world’s sports, betting and media ecosystem,” says Mark Locke, Chief Executive Officer and Co-Founder of Genius Sports. “Our merger with dMY II and listing on the NYSE are a testament to the enormous opportunity ahead of us as we leverage our unique scale, drive innovation and deliver products that help our partners create new and immersive experiences for sports fans around the world.”
Upon completion of the Business Combination, the combined company has changed its name to Genius Sports Limited. Beginning on April 21, Genius Sports’ ordinary shares and warrants will trade on the New York Stock Exchange (the “NYSE”) under the ticker symbols “GENI” and “GENI WS”, respectively. With over $145 million in cash and no financial debt on the balance sheet, Genius Sports is poised to continue to capitalize on the considerable growth expected in the global online sports betting market.
