CPPIB betting that demand for sports data is a good long-term investment
Canada Pension Plan Investment Board is preparing to buy a 39 per cent stake in Sportradar, a global company that distributes data from the National Hockey League and other professional sports for betting purposes. For this investment, Toronto-based CPPIB has teamed up with TCV of Menlo Park, Calif., but they haven't disclosed how much their Sportradar stake will cost.
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