Sports data company now valued at $2.4 billion

The Canada Pension Plan Investment Board and Silicon Valley investment firm TCV have acquired a 35% stake in Swiss data sports group Sportradar from private equity firm EQT, at a valuation of around $2.4 billion.

Why it matters: Sportradar is poised to be at the center of sports betting in the U.S., which was recently legalized by the Supreme Court.