Friday, August 22nd15.2°C
21790

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

22997


Recent Trending




Today's Market
S&P TSX15556.09-5.86
S&P CDNX1002.205.50
DJIA17039.4960.36
Nasdaq4532.104+5.623
S&P 5001992.37+5.86
CDN Dollar0.9131-0.001
Gold1279.20+5.50
Oil96.30+1.82
Lumber355.60-1.10
Natural Gas3.876-0.013

 
Okanagan Companies
Pacific Safety0.18-0.005
Knighthawk0.01-0.005
QHR Technologies Inc1.210.00
Cantex0.065-0.005
Anavex Life Sciences0.260.00
Metalex Ventures0.075-0.01
Russel Metals37.59+0.14
Copper Mountain Mining2.88-0.04
Colorado Resources0.1850.00
ReliaBrand Inc0.095+0.01
Sunrise Resources Ltd0.025-0.005
Mission Ready Services0.215-0.015

 



22870

FEATURED Property
1995762896 Mount Royal Drive
3 bedrooms 3 baths
$619,900
more details
image2image2image2
Click here to feature your property
Please wait... loading


Joint accounts: what you need to know!

Establishing a joint account may seem like a great strategy at first glance. However, there are many factors that must be considered before taking this action. This article will explore the use of &ls...


Cost of an Injury Lawyer

Let’s face it; nobody wants to pay for legal services if they do not have to, but if you have been injured in an accident you may have thought about hiring a lawyer to help you navigate your cla...


Managing a business in 40 hours a week

My screen printing business, like many others, started as a one-man operation. It was located in a small building, not much better than a shack, with a telephone, a big table where I ate lunch and (oc...

_



22885

22885


Member of BC Press Council


22814