Genius Sports Limited has entered into a definitive agreement to acquire Legend, a global digital sports and gaming media network, in a deal valued at up to $1.2 billion. The transaction includes $900 million payable at closing and an earnout of up to $300 million. The acquisition is expected to accelerate Genius Sports’ strategic and financial objectives by expanding its data, audience, and monetization capabilities. Genius Sports plans to fund the acquisition with an $850 million Term Loan B issuance, with closing anticipated in the second quarter of 2026, subject to customary conditions. The combined company aims to unlock greater scale, higher margins, and stronger cash flow, positioning itself as the only operator with synergistic businesses across official sports data and media and advertising.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Genius Sports Limited published the original content used to generate this news brief via Business Wire (Ref. ID: 20260205730912) on February 05, 2026, and is solely responsible for the information contained therein.