Archive for the ‘Technology’ Category

11 Jun 2021
News

Signa Sports United moves ahead with plans to go public and buy Wiggle

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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...

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16 Apr 2021
News

Tempo picks up $220 million, digital home strength market heats up

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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...

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Fishbrain reels in funds for social vertical platform

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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,...

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2 Apr 2021
News

Nautilus drives digital expansion to reach $1 billion sales

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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...

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19 Nov 2020
News

Strava raises $110 million

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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...

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6 Nov 2020
News

Under Armour divesting MyFitnessPal

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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...

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23 Sep 2020
News

Zwift raises $450 million, prepares hardware launch

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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...

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8 Nov 2019
News

Google targets fitness market with $2.1 billion Fitbit offer

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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...

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8 Nov 2019
News

Peloton buys Taiwanese supplier

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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...

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11 Jun 2019
News

Peloton files for IPO

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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...

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