Technology Rumors

The crypto exchange market, known for providing an easy on-ramp for casual investors to buy bitcoin and other blockchain-based coins, went public via a direct listing. Coinbase shares closed at $328.28 today, valuing the company at $86 billion. That’s good news for KD, who bought into the investment platform through his and Rich Kleinman’s Thirty Five Ventures when it was valued at $1.6 billion. The rapper Nas’ venture fund invested in the Series B round, when Coinbase was valued at around $143 million.
Sportradar, the world’s leading provider of sports data intelligence and sport entertainment solutions, today announces that it has entered into a definitive agreement to acquire Synergy Sports, pioneers in automated sports technology solutions and the market leader in data and video analytics in the U.S. College and Professional sports space. The acquisition complements and extends Sportradar’s 360-degree product suite, as well as supports the company’s drive to deepen & broaden its relationships with key sports organizations globally. The acquisition is anticipated to close in the second quarter, subject to customary conditions and regulatory approvals.