Sportradar acquiring IMG Arena Deal Structure

I saw that Endeavor paid ~250M just to unload IMG Arena to Sportradar while keeping their other deal of selling off Openbet at the same valuation. Maybe it's just because I'm new to the industry but I've never seen a deal structure where you pay another firm to take the company unless its like a restructuring or debt-related thesis.

Does anyone have any insights on this? Super curious to understand it better and what other situations have occurred like this in the past and how it worked out.

6,218 WSO Academy Investment Banking Session Reviews: 4.82/5

Università LUM Giuseppe Degennaro

Class of '23 Sep 2026 Cohort

5.00/5

Investment Banking Mock Coffee Chat

“I had a great conversation with Jorge and genuinely appreciated his willingness to share his experience and insights. His career journey, from an engineering background into investment banking and subsequently investing, was particularly interesting and highly relevant to my own career aspirations. He provided thoughtful perspectives on breaking into investment banking in London, navigating the transition from the sell-side to the buy-side, and developing the skills and judgement required to become a successful investor. I particularly valued his emphasis on the importance of understanding the industries and businesses behind financial transactions: strong industry knowledge is essential not only to assess companies and investment opportunities more effectively, but also to become a more well-rounded and insightful finance professional. I also appreciated the openness of his answers, which reflected his own professional experience. The conversation was helpful and engaging.”

Class of '27 Jul 2026 Cohort

4.56/5

Investment Banking Mock Interview

“Very comprehensive session. We worked through a paper LBO and I got useful tips on how to build the debt schedule. Mentor's camera didn’t work because of a technical issue, but that didn’t affect the quality of the session at all, and I felt I advanced a lot. It was straight to the point: she moved from question to question without wasting any time, and finished with direct feedback. The follow-up note was clear and specific, with two priorities (IB vs PE and the LBO walk) and a plan for the next session. Honestly one of the best sessions I’ve had.”

See All 11,482 WSO Academy Reviews

1 Comments

WSO Monkey Bot

O

1y

Enim et sed est commodi quo maiores. Eos dicta id repellat sapiente. Officiis sequi labore velit.

Aperiam qui officia aperiam voluptatibus. Magni illo sit minima ut qui. Ipsam ut quia accusamus. Eos aut veritatis aut tempora. Reiciendis illum tempore eos tenetur nobis nobis. Sit dolore possimus expedita quod eius. Aspernatur odit commodi hic est sapiente ipsum voluptas minus.

+162	Analyst: Why is UBS IB doing worse than peers?, UBS CFO: No Comment	29	10h
+160	UBS Tech layoff	52	2d
+146	UBS’s M&A BANKERS ARE DOING TERRIBLY. $200M EXTRA IS BEING CUT	31	1d
+119	Leaked Interview Questions to Recruiting Services	55	6h
+64	How do YOU manage networking requests?	20	6h
+60	Are target prospects getting dumber?	27	1d
+34	MBB Pay Raises	26	2d
+21	Earliest you can get fired	7	6h
+20	Career Crossroads	3	11h
+20	US 2027 SA IB worried about background check	5	7h

1	redever	99.2
2	kanon	99.0
3	BankonBanking	99.0
4	Secyh62	99.0
5	CompBanker	98.9
6	DrApeman	98.9
7	dosk17	98.9
8	Betsy Massar	98.9
9	GameTheory	98.9
10	Kenny_Powers_CFA	98.8

Elite Career Bootcamp. Top Job Offer Guaranteed.

Elite Career Bootcamp. Top Job Offer Guaranteed.

Sportradar acquiring IMG Arena Deal Structure

Score Breakdown

Feedback

Score Breakdown

Feedback

Elite Career Bootcamp. Top Job Offer Guaranteed.

Elite Career Bootcamp. Top Job Offer Guaranteed.

Sportradar acquiring IMG Arena Deal Structure

See All Comments - 100% Free

Trending Content - Investment Banking Forum