Digital sports rights company Perform has acquired real-time data firm RunningBall in a deal worth up to €120 million. The deal is the largest takeover yet by Perform, whose largest shareholder is US billionaire Leonard Blavatnik.
Under the terms of the deal Perform, which listed on the London Stock Exchange in 2011, will pay a minimum of €101 million and a maximum of €120 million. An initial consideration of €70 million will consist of €20 million in cash and €50 million in shares.
RunningBall provides real-time data for sports events. In 2011 it provided information on 35,000 events, including more than 30,000 football matches.