Sportskeeda parent company acquires majority stake in Pro Football Network

  • Nazara Technologies-owned Absolute Sports, the parent company of Sportskeeda, has acquired 73.27% stake in US-based Pro Football Network LLC.
  • The acquisition cost of $1.8 million was an all-cash transaction, including primary infusion of capital and secondary stock purchases.
  • Absolute Sports will use its cash reserves to fund the transaction.
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