Signa Sports United said it's moving ahead with plans to go public on the New York stock exchange and to buy Wiggle CRC, through a combination that gives the online sports retailer an implied enterprise value of about $3.2 billion. The deal...Read more
Tempo has secured investment of $220 million in a fundraise led by Softbank Group, as the market for connected and interactive home strength equipment is heating up. The two parties explain that Softbank is betting on a permanent shift to smart...Read more
Fishbrain wants to expand its vertical social platform for sport fishing, after a surge in participation helped the Swedish online specialist to raise $31 million. Started as an app that lets anglers share pictures of their latest catch,...Read more
The Nautilus Group wants to invest in its international distribution as part of a five-year plan targeting sales of $1 billion by 2026, with two million digital members and digital subscriptions making up at least 20% of sales. The North Star...Read more
A few weeks after Zwift’s huge fundraise, increased interest in fitness and outdoor activities has helped Strava to raise $110 million to add more features and to reach more users. Led by Sequoia and TCV, both Californian investment firms, the...Read more
Under Armour is realigning its investments in digital fitness with an agreement to sell MyFitnessPal to Francisco Partners for $345 million, and to shut down Endomondo at the end of this year. This means Under Armour’s digital strategy will...Read more
Zwift wants to invest more in interactive development and in hardware, after it secured a minority investment of $450 million led by Kohlberg Kravis Roberts (KKR), in a deal reportedly valuing it at more than $1 billion. The online fitness...Read more
Google wants to move further into the market for wearable fitness devices with an agreement to buy Fitbit, in a deal valuing the leading brand of fitness trackers at about $2.1 billion. While Google’s cash offer of $7.35 per share represents a...Read more
Peloton Interactive has acquired a Taiwanese manufacturer for $47.4 million in cash, as a means to get a tighter grip on its supply chain. Peloton announced the deal with Tonic Fitness Technology as it reported higher sales and smaller losses for...Read more
The disruption caused by digital fitness platforms has been the talk of the industry for several years, but the stock market could put a clearer value on it in the months ahead, since Peloton Interactive is heading for a much-hyped initial public...Read more
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