M&A Deal Summary

Action Sports Media Acquires StadiaNet Sports

On May 1, 1999, Action Sports Media acquired media company StadiaNet Sports from Antares Capital

Acquisition Highlights
  • This is Action Sports Media’s 1st transaction in the Media sector.
  • This is Action Sports Media’s 1st transaction in the United States.
  • This is Action Sports Media’s 1st transaction in Oklahoma.

M&A Deal Summary

Date 1999-05-01
Target StadiaNet Sports
Sector Media
Buyer(s) Action Sports Media
Sellers(s) Antares Capital
Deal Type Divestiture

Target

StadiaNet Sports

Tulsa, Oklahoma, United States
StadiaNet Sports provides a network programming and content directed at captive audiences attending live sporting events, including football stadiums, indoor arenas, and NASCAR tracks. StadiaNet Sports is based in Tulsa, Oklahoma.

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Buyer(S) 1

Buyer

Action Sports Media

Austin, Texas, United States

Category Company
Sector Marketing
DESCRIPTION

Action Sports Media provides niche collegiate sports marketing services, specializing in athletic venue media rights. The Company primarily focuses on the procurement and management of signage at collegiate sports venues through exclusive contracts with universities.


DEAL STATS #
Overall 1 of 1
Sector (Media) 1 of 1
Type (Divestiture) 1 of 1
State (Oklahoma) 1 of 1
Country (United States) 1 of 1
Year (1999) 1 of 1

Seller(S) 1

SELLER

Antares Capital

Miami, Florida, United States

Investor Investor


Category Private Equity Firm
Founded 1993
Size Small
Type Sector Agnostic
DESCRIPTION

Antares Capital is a private investment group that targets growth capital financings as well as management buyout opportunities. The Firm focuses on investments based in the Southeast US and Texas. Prospective companies generally have proven business models, modest capital requirements for growth, and operate in large and growing markets. The Firm looks to commit $500k to $5 million per investment. Antares will not invest in real estate, mineral exploration, distributors, franchisees, or project financings. Antares was founded in 1993 and is based in Miami, Florida.


DEAL STATS #
Overall 13 of 44
Sector (Media) 3 of 3
Type (Divestiture) 1 of 1
State (Oklahoma) 1 of 1
Country (United States) 12 of 43
Year (1999) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-05-01 Bankrate

New York, New York, United States

Bankrate is an online publisher, aggregator, and distributor of personal finance content. The Company's vision is to help consumers Maximize Your Money when they borrow, save or invest. With this in mind, RATE aggregates large scale audiences of in-market consumers by providing them with proprietary, fully researched, comprehensive, independent and objective personal finance and related editorial content across multiple vertical categories including credit cards, mortgages, deposits, senior care and other categories, such as personal and auto loans retirement, and taxes. RATE's flagship sites CreditCards.com, Bankrate.com, and Caring.com are leading destinations in each of their respective verticals and connect their vast audiences with financial service and senior care providers and other contextually relevant advertisers. RATE also owns and operates a number of specialist sites, apps and social platforms, including NextAdvisor.com, The Points Guy, Interest.com, Quizzle.com and Walla.by. Bankrate also develops and provides content, tools, web services and co-branded websites to over 100 online partners, including Yahoo!, CNBC and MarketWatch. In addition, Bankrate licenses editorial content to leading news organizations such as The Wall Street Journal and The New York Times. Bankrate was founded in 1976 and is based in New York.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-12-01 Clear-to-Send Electronics

Gaithersburg, Maryland, United States

Clear-to-Send Electronics is a data communications and network products and communications test equipment. Clear-to-Send Electronics is based in Gaithersburg, Maryland.

Sell -