'NFL Swaps Genius Sports Warrants For Cash In Deal Extension' - Sportico
Portfolio Pulse from Happy Mohamed
The NFL and Genius Sports have altered the payment terms of their agreement, extending their exclusive data rights deal through the 2027-28 season. Instead of the NFL collecting 4 million warrants in Genius Sports for two of the three years of the extension, the league will be paid in cash. The exact dollar amount of the deal was not disclosed. Genius Sports' stock has fallen about 50% since the deal was reached.
August 07, 2023 | 4:44 pm
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Genius Sports' stock has fallen about 50% since the deal with NFL was reached. The revised agreement, which involves cash payment instead of warrants, could potentially reduce dilution for Genius Sports shareholders.
The revised agreement between Genius Sports and NFL could potentially be beneficial for Genius Sports' shareholders as it could reduce dilution. However, the exact impact on the stock price is uncertain as the dollar amount of the deal was not disclosed.
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