Saturday, January 31st-2.6°C
24624
23931

Associated Press, Fox Sports to sell Stats venture to private equity firm

NEW YORK, N.Y. - The Associated Press and Fox Sports are selling their sports-data joint venture Stats LLC to Vista Equity Partners, a San Francisco-based private equity firm.

Terms of the deal were not disclosed.

The 50-50 partnership was formed in Chicago in 2005 and provides real-time scores, historical information and technology to websites and other customers.

AP and Fox, a unit of Twenty-First Century Fox Inc., will continue to exchange stories, photos and data with Stats.

Ken Dale, AP chief financial officer, said Stats' revenue has tripled since its founding, but its growth is increasingly in selling technology that is outside AP's core business.

Dale said AP's revenue and costs won't change significantly after the sale. He said the proceeds will be used to cut the news co-operative's pension obligations.

The Canadian Press


Read more Business News

24909


Recent Trending




Today's Market
S&P TSX14673.48+37.521
S&P CDNX676.81+9.70
DJIA17164.95-251.90
Nasdaq4635.24-48.167
S&P 5001994.99-26.26
CDN Dollar0.7856-0.0067
Gold1286.60-5.10
Oil49.60+3.16
Lumber322.50+0.70
Natural Gas2.87-0.111

 
Okanagan Companies
Pacific Safety0.120.00
Knighthawk0.010.00
QHR Technologies Inc1.400.00
Cantex0.035-0.005
Anavex Life Sciences0.174-0.006
Metalex Ventures0.040.00
Russel Metals23.42-0.16
Copper Mountain Mining0.99+0.01
Colorado Resources0.150.00
ReliaBrand Inc0.01+0.0031
Sunrise Resources Ltd0.050.00
Mission Ready Services0.2350.00

 



24153

FEATURED Property
20746453046 Glenrosa Road
4 bedrooms 3 baths
$599,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


Leaving a job: changing careers

Many people, who find themselves out of work and with time on their hands, and money in their pockets due to lay-off, start thinking about a career change. If you weren’t happy with the directio...


Service fit makes happy employees

Finding the right employees for the front lines of your company is key to developing a great service attitude within your company. It is just as important as hiring the right accountant, manager, sale...


How to price: workbook approach

In 2008 Self Counsel Press published my book - Pricing Strategies for Small Business. The book is now available in Europe, India, Russia and the United States. The purpose of the book was to make avai...

_



24709

24709


Member of BC Press Council


24975