Connect with us

Hi, what are you looking for?

Jewish Business News

Business

STATS Buys Bloomberg Sports

BSports_Logo Bloomberg Sport

 

Bloomberg Sports will be sold to STATS for an undisclosed amount that some estimate to be between $15 million and $20 million. Bloomberg Sports was started in 2010 and has grown to a staff of 30 analysts and engineers. Bill Squadron of Bloomberg will stay with the project, providing STATS with alogrithms and quantitative models that allow STATS to create predictions about the outcomes of games and matches.

Squadron said, “We’ve built a really strong team of mathematicians. That’s going to be a really big growth area. To drive it together and get there a lot quicker.” The service will help teams, those who bet on games and fantasy sports players. This is STAT’s first acquisition since it was acquired by private equity firm, Vista Capital Management. It will also buy the stake in Bloomberg Sports that IMG Worldwide purchased two years ago, at $6 million to$8 million for a third of the venture.

Click to comment

Newsletter

Advertisement

You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...

Entertainment

The Movie The Professional is what made Natalie Portman a Lolita.

Travel

After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.

Advertisement