SportsGrid seeks buyer as wagering media revenue falls
By The Weekly Edge desk ·
Summary
SportsGrid is reportedly seeking a buyer with help from investment bank Telos Advisors, Casino.org News reported, citing an unnamed source first reported by Front Office Sports. The company has reportedly held talks with potential buyers for several months, and one possible lead buyer has emerged. SportsGrid’s revenue has declined in recent years after it lost major sportsbook partnerships with operators such as FanDuel and BetMGM.
Why it matters
A potential sale could affect operators considering commercial relationships with sports wagering media companies.