Versant Media Group, which is being spun off from Comcast (CMCSA), has enlisted Lazard to explore a sale of SportsEngine, Bloomberg reported Monday, citing people familiar with the matter.
The youth-sports app could be valued at $400 million to $500 million, the people reportedly told Bloomberg.
Versant and Lazard didn't immediately reply to requests for comment from MT Newswires.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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