That makes much more sense.
SportsEngine’s valuation is believed to be in the $400-$500M range as Versant explores a sale, according to Bloomberg.
The Information had pegged the potential price at $150-$200M when it broke news the Comcast cable network spinoff company may offload the youth sports management and streaming platform.
SportsEngine was valued at $133M in 2014, two years before it was acquired, and the youth sports tech space has been pegged at a $10B valuation in some places.
Versant has hired Lazard to handle the potential deal, according to Bloomberg. There have been “discussions with suitors including other companies and sports investors,” but there is no guarantee a sale will happen.
SportsEngine says it serves over 45K youth sports organizations, over 1.3M teams and over 16M athletes.
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