Minute Media, parent company to The Player's Tribune, has "raised a new round of funding, valuing the firm at over" $1B, according to CEO & founder Asaf Peled. The new funding, "totaling 'tens of millions,' closed a few weeks ago ahead of Minute Media's acquisition" of Canadian sports streaming platform SDN Video in a deal reportedly valued around $150M. The round saw "participation from big institutional investors, including HSBC and BlackRock." Minute Media has now raised well over $250M from "various strategic investors and private investment firms" and reports suggest that they "could be in the running to acquire the publishing rights to Sports Illustrated" (AXIOS, 1/30).
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