Affiliate of PE-backed Tribune Media acquires Halifax's SportsDirect
Gracenote Inc, a division of Tribune Media Co (NYSE: TRCO), has acquired SportsDirect Inc, a provider of sports data and statistics based in Halifax, Nova Scotia. A total of US$54 million was paid for SportsDirect and two related businesses. Gracenote said it will tap the content of these companies and leverage its own entertainment information resources to create new data-driven sports products and services. Tribune Media, a multi-media business headquartered in Chicago, is backed by Oaktree Capital Management, Angelo, Gordon & Co and JPMorgan Chase.
28 May 2015•6 mins read
