Versant Sells Youth Sports Platform SportsEngine to PlayMetrics

Versant Media has announced the sale of its youth sports digital outlet, SportsEngine, to PlayMetrics. This transaction marks another deal for Versant as it continues its business activities.

1 May, 16:46 — 1 May, 19:21

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Why this matters

Versant, recently spun off from NBCUniversal (or Comcast, depending on the outlet's reporting), is strategically refining its holdings. The sale of SportsEngine aligns with this strategy, allowing Versant to focus on different types of media and a more specialized sports strategy, while PlayMetrics expands its presence in the youth sports sector.

Key entitiesVersant SportsEngine PlayMetrics NBCUniversal Comcast

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Sources

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varietyMostly Factual14d ago

Versant Sells SportsEngine to Playmetrics

Versant, the media company recently spun off from NBCUniversal, has sold the assets of SportsEngine to Playmetrics, part of a strategy to refine its holdings and focus more closely on different types of assets. Financial terms of the transaction were not revealed,. SportsEngine provides technology and services tied to team and tournament management of youth […]

By Brian Steinberg

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hollywood-reporterMostly Factual14d ago

Versant Keeps Wheeling and Dealing: Sells SportsEngine to PlayMetrics

The sports management software didn't fit into Versant's strategy, though it is pursuing a more focused sports strategy.

By Alex Weprin

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deadlineMostly Factual14d ago

Versant Sells Youth Sports Digital Outlet SportsEngine

Versant, which has telegraphed plans for M&A since spinning off from Comcast, has executed an expected sell-off of youth sports digital specialist SportsEngine to another company in the sector, PlayMetrics. The asset had long been rumored to be on the list of assets Versant was looking to shed. NBCUniversal acquired it in 2016 and it […]

By Dade Hayes

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seeking-alphaMixed14d ago