Genius Sports Group to go public in $1.5bn SPAC deal

Sports data heavyweight targets global expansion in merger with dMY Technology Group II

Genius Sports Group is primed to become a public company via a $1.5bn (£1.1bn) merger with US-based technology investment firm dMY Technology Group II. The merger will take place in the form of a special purpose acquisition company (SPAC), in which shareholders of both firms sacrifice shares in exchange for shares in the new company.…

Data | dMY Technology | Genius Sports Group | M&A | Mark Locke | Sports betting | UK | US