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.

Some additional notes:

  • EQT first invested in 2012, and a source says its return is more than 4x cash-on-cash.
  • Over that same period, Sportradar revenue has grown around 40%, and it has added over 1,000 new employees.
  • CPPIB and TCV beat out rival bidders like Blackstone Group and KKR.

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Republicans, win or lose next week, face a big — and growing — math problem.

The state of play: They're relying almost exclusively on a shrinking demographic (white men), living in shrinking areas (small, rural towns), creating a reliance on people with shrinking incomes (white workers without college degrees) to survive.

Right-wing misinformation machine could gain steam post-election

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With less than a week until the 2020 election, researchers have expressed concern that the information ecosystem today is ripe for an unprecedented level of exploitation by bad actors, particularly hyper-partisan media and personalities on the right.

Why it matters: The misinformation-powered right-wing media machine that fueled Donald Trump's 2016 victory grew stronger after that win, and it's set to increase its reach as a result of the upcoming election, whether Trump wins or loses.