{"id":1209,"date":"2024-09-06T10:12:43","date_gmt":"2024-09-06T07:12:43","guid":{"rendered":"https:\/\/xxbet-company.com\/kambi-refutes-rumor-of-potential-takeover-by-genius-sports\/"},"modified":"2024-09-06T10:12:43","modified_gmt":"2024-09-06T07:12:43","slug":"kambi-refutes-rumor-of-potential-takeover-by-genius-sports","status":"publish","type":"post","link":"https:\/\/xxbet-company.com\/de\/kambi-refutes-rumor-of-potential-takeover-by-genius-sports\/","title":{"rendered":"Kambi Refutes Rumor of Potential Takeover by Genius Sports"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_34 counter-flat ez-toc-counter ez-toc-transparent ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\">Inhaltsverzeichnis<\/p>\n<span class=\"ez-toc-title-toggle\"><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1'><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/xxbet-company.com\/de\/kambi-refutes-rumor-of-potential-takeover-by-genius-sports\/#Kambi_Takeover_Rumors_Getting_Old\" title=\"Kambi Takeover Rumors Getting Old\">Kambi Takeover Rumors Getting Old<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/xxbet-company.com\/de\/kambi-refutes-rumor-of-potential-takeover-by-genius-sports\/#Genius_Sports_Denies_Rumor_Too\" title=\"Genius Sports Denies Rumor, Too\">Genius Sports Denies Rumor, Too<\/a><\/li><\/ul><\/nav><\/div>\n<p>Kambi Group Plc (OTC: KMBIF), a provider of technology services to sportsbook operators, denied that it\u2019s engaged in takeover discussions with Genius Sports (NYSE: GENI).<\/p>\n<figure aria-describedby=\"caption-attachment-215143\" data-style=\"width: 858px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" fetchpriority=\"high\" decoding=\"async\" class=\"wp-image-215143 size-post-thumbnail-858xAUTO\" src=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/05\/kambi-858x572.jpg\" alt=\"Kambi takeover\" width=\"858\" height=\"572\" srcset=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/05\/kambi-858x572.jpg 858w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/05\/kambi-430x287.jpg 430w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/05\/kambi-302x200.jpg 302w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/05\/kambi-238x158.jpg 238w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/05\/kambi-194x128.jpg 194w\" sizes=\"(max-width: 858px) 100vw, 858px\" title=\"\"><figcaption class=\"text-description\">A Kambi booth at an industry convention. The company denied it\u2019s in takeover talks with Genius Sports. (Image: Kambi)<\/figcaption><\/figure>\n<p>Speculation recently surfaced that Genius, <a href=\"https:\/\/www.casino.org\/news\/genius-sports-has-upside-levers-says-analyst\/\" rel=\"nofollow noopener\" target=\"_blank\">a data provider to sportsbooks<\/a>, was mulling a takeover of Sweden-based Kambi, but Anders Str\u00f6m, chairman of the Kambi board of directors, said no such conversations have taken place.<\/p>\n<blockquote class=\"main-blockquote\">\n<p>While Kambi tends not to comment on rumour and speculation, I can confirm that Kambi is not engaged in any such discussions,\u201d he said in a statement.<\/p>\n<\/blockquote>\n<p>With its shares up 15.35% year to date, Genius has the currency with which to hunt for deals. It has a market capitalization of $1.5 billion, which is well above Kambi\u2019s market value of $370.1 million.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Kambi_Takeover_Rumors_Getting_Old\"><\/span>Kambi Takeover Rumors Getting Old<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Rumors about Kambi being <a href=\"https:\/\/www.casino.org\/news\/kambi-could-draw-takeover-interest-according-to-analysts\/\" rel=\"nofollow noopener\" target=\"_blank\">a target aren\u2019t new<\/a>. In fact, they date back to at least the second quarter of 2023, and the purveyors of the chatter have some factors to hang their hats on.<\/p>\n<div class=\"callout\">\n<p>In 2022, the Stockholm-listed company <a href=\"https:\/\/www.casino.org\/news\/kambi-could-draw-takeover-interest-after-shedding-poison-pill\/\" rel=\"nofollow noopener\" target=\"_blank\">did away with a<\/a> poison pill provision. Companies adopt poison pills in attempts to fend off unsolicited acquisition offers, essentially diluting the aspiring buyer by selling stock to other investors at below-market prices. With that provision gone, Kambi is an easier target for a buyer.<\/p>\n<\/div>\n<p>Furthering the speculation is the fact that Kambi recently pulled its longer-ranging financial targets, in part citing regulatory issues in Brazil. That prompted the resignation of then-CEO Kristian Nyl\u00e9n. High-level executive departures often stoke takeover talk.<\/p>\n<p>Additionally, more gaming companies are looking to bring sports wagering technology in-house, which could further the allure of Kambi as a takeover candidate. The company\u2019s North American clients include Bally\u2019s, Churchill Downs, Penn Entertainment, and Rush Street Interactive, among others. Kambi also works with gaming companies throughout Australia, Europe, and Latin America. The corporation recently extended its partnership with Rush Street.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Genius_Sports_Denies_Rumor_Too\"><\/span>Genius Sports Denies Rumor, Too<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Genius Sports also denied the scuttlebutt.<\/p>\n<blockquote class=\"main-blockquote\">\n<p>As policy, we do not comment on unfounded and ill-informed rumors. To prevent any further speculation, we can confirm that we are not involved in any discussions of this nature with Kambi,\u201d said CEO Mark Locke in a statement.<\/p>\n<\/blockquote>\n<p>While Genius might not be interested in Kambi, there could be an ample number of other potential suitors should the firm put itself up for sale. After the company adopted the poison pill provision in 2022, Alinea Capital Management, a Norwegian hedge fund, said there could be as many as six US-based companies interested in buying Kambi.<\/p>\n<p>The post <a href=\"https:\/\/www.casino.org\/news\/kambi-refutes-rumor-of-potential-takeover-by-genius-sports\/\" rel=\"nofollow noopener\" target=\"_blank\">Kambi Refutes Rumor of Potential Takeover by Genius Sports<\/a> appeared first on <a href=\"https:\/\/www.casino.org\/news\" rel=\"nofollow noopener\" target=\"_blank\">Casino.org<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>Kambi Group Plc (OTC: KMBIF), a provider of technology services to sportsbook operators, denied that it\u2019s engaged in takeover discussions with Genius Sports (NYSE: GENI). A Kambi booth at an industry convention. The company denied it\u2019s in takeover talks with Genius Sports. (Image: Kambi) Speculation recently surfaced that Genius, a data provider to sportsbooks, was <a href=\"https:\/\/xxbet-company.com\/de\/kambi-refutes-rumor-of-potential-takeover-by-genius-sports\/\" class=\"more-link\">&#8230;<\/a><\/p>","protected":false},"author":1,"featured_media":1210,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/xxbet-company.com\/de\/wp-json\/wp\/v2\/posts\/1209"}],"collection":[{"href":"https:\/\/xxbet-company.com\/de\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/xxbet-company.com\/de\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/xxbet-company.com\/de\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/xxbet-company.com\/de\/wp-json\/wp\/v2\/comments?post=1209"}],"version-history":[{"count":0,"href":"https:\/\/xxbet-company.com\/de\/wp-json\/wp\/v2\/posts\/1209\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/xxbet-company.com\/de\/wp-json\/wp\/v2\/media\/1210"}],"wp:attachment":[{"href":"https:\/\/xxbet-company.com\/de\/wp-json\/wp\/v2\/media?parent=1209"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/xxbet-company.com\/de\/wp-json\/wp\/v2\/categories?post=1209"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/xxbet-company.com\/de\/wp-json\/wp\/v2\/tags?post=1209"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}