UK Regulators Approve Sportradar’s Acquisition of IMG ARENA, Paving Way for Deal Completion
Reuters
Oct 04
UK Regulators Approve Sportradar's Acquisition of IMG ARENA, Paving Way for Deal Completion
Sportradar Group AG has received unconditional clearance from the U.K. Competition and Markets Authority for its planned acquisition of IMG Arena. The company previously entered into an agreement to acquire 100% of the outstanding equity interests of IMG Arena from its current owners. With this regulatory approval secured, the parties expect to move forward with the transaction, pending the satisfaction or waiver of remaining closing conditions. Until the deal is completed, Sportradar and IMG Arena will continue to operate as separate and independent entities.
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