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Metaverse-focused gaming and investment firm Animoca Brands is closing in on a major boost from private equity firm KKR.
KKR is in talks to lift Animoca’s latest funding round to $500 million from $359 million at a $5.4 billion valuation.
Animoca created the metaverse platform “The Sandbox” and blockchain-based game “Olympic Games Jam: Beijing 2022.” It has investments in Fan Controlled Football and NBA Top Shot.
The New York-based investment firm is in the midst of a complex bid for Italian telecommunications giant Telecom Italia, which holds Serie A broadcast rights.
It has recently loaded up on fitness investments, buying European cycling company Accell Group NV in January for $1.8 billion and taking on a $396 million stake in PureGym the previous month.
In September, it sold off its $852 million stake in Academy Sports.
Earlier this month, it announced an investment in high school sports media and technology company PlayOn! Sports.
Private equity firm Silver Lake is nearing an investment in the commercial assets of New Zealand’s All Blacks rugby team.
SoftBank and Nvidia are calling off their planned deal for chip technology maker Arm. The company also reported a profitable quarter.
Peloton is drawing interest from potential buyers, including Amazon and Nike following a year shrouded in controversy and underwhelming sales.
MLB’s request for federal mediation to help end the lockout was rejected by the union.
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