Perform Group is funding their purchase for sports data company Opta through a share sale. Perform is out to raise US $182 Million to fund their move to take over Opta.
Perform is set to pay GBP£47 million for the sports data supplier. Opta offers player performance data and statistical information for the different soccer leagues in Germany, the Netherlands and Britain for its media clients and clubs.
Perform built its business by buying selling live streams or video clips to bookmakers. For major sports events, Perform buys the online rights and sells them as well. Perform is behind the operations of the soccer website, Goal.com.
CEO Oliver Slipper said that, "In addition to funding the acquisition of Opta, the placing will provide Perform with the ability to continue to capitalise on a strong pipeline of acquisition opportunities."
Through a series of acquisitions made in the last two years, shares for Perform Goup doubled in value. Perform plans to sell 23.9 million new shares through the public share sale.
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