PERFORM announces shareholder support for acquisition of Runningball
Perform Group plc has announced that its proposed acquisition of Runningball for up to €120 million has won the shareholder support needed for the transaction to go ahead
Friday 1st June, London: Digital sport specialist Perform Group plc has announced that its proposed acquisition of Runningball for up to €120 million has won the shareholder support needed for the transaction to go ahead.
Runningball is one of the leading suppliers of real-time sports information to sportsbooks, engaging more than 1,100 scouts in 71 countries who gather real-time information on live sports events. Within the field of football, it is one of the most comprehensive real-time data services available anywhere in the world. In 2011, it covered over 35,000 sporting events and it is anticipated that this will increase to 40,000 in 2012.
PERFORM is a market leader in the delivery of live and on-demand video to a range of clients as well as producing compelling editorial content. Combining Runningball's complementary real-time sports data to PERFORM's current video and data products and editorial offering will help PERFORM become a complete sports media business.
Commenting on the acquisition, Oli Slipper, Joint-CEO, said: "We are delighted to have received such firm backing from our shareholders. We have always felt that the commercial logic of joining our two businesses was clear, and benefits everyone associated with both Perform and Runningball. With these two businesses together, there are some really fantastic opportunities ahead".