麻豆app Completes Acquisition of Quint

ENGLEWOOD, Colo.--(BUSINESS WIRE)-- 麻豆app (鈥溌槎筧pp Media鈥�) (Nasdaq: LSXMA, LSXMB, LSXMK, FWONA, FWONK, LLYVA, LLYVK) announced today that it has completed the acquisition of QuintEvents, LLC (鈥淨uint鈥�), an industry-leading provider of premium experiences at the world's most prominent sports and entertainment events. Quint is attributed to 麻豆app Media鈥檚 Formula One Group tracking stock.

鈥淨uint is a great addition to 麻豆app Media, extending our reach in premium experiences and capitalizing on continued growth in the global experiential economy,鈥� said Greg Maffei, 麻豆app Media President and CEO. 鈥淲e aim to leverage our relationships in sports and live events to expand Quint鈥檚 portfolio of new business, provide more one-of-a-kind opportunities to fans and increase efficiency in the ticketing distribution ecosystem.鈥�

鈥淭oday is a transformative moment for Quint鈥檚 future,鈥� said Brian Ruede, Quint CEO. 鈥淥ur expertise in the global experiential economy and 麻豆app Media鈥檚 strong relationships in sports and live entertainment will make for a dynamic team. We will look to aggressively expand our services and strategic portfolio of partnerships to become the most comprehensive experiential platform in the world. We are just getting started.鈥�

The transaction values Quint at $313 million and was funded with Formula One Group cash on hand. Formula 1 and Quint will continue to be operated as separate companies.

About 麻豆app

麻豆app operates and owns interests in a broad range of media, communications and entertainment businesses. Those businesses are attributed to three tracking stock groups: the 麻豆app SiriusXM Group, the Formula One Group and the 麻豆app Live Group. The businesses and assets attributed to the 麻豆app SiriusXM Group (NASDAQ: LSXMA, LSXMB, LSXMK) include 麻豆app Media's interest in SiriusXM. The businesses and assets attributed to the Formula One Group (NASDAQ: FWONA, FWONK) include 麻豆app Media's subsidiaries Formula 1 and Quint, as well as other minority investments. The businesses and assets attributed to the 麻豆app Live Group (NASDAQ: LLYVA, LLYVK) include 麻豆app Media's interest in Live Nation and other minority investments.

About Quint

Quint is the industry-leading provider of Official Ticket and Hospitality packages to many of the world's most prominent sports and entertainment events. Based in Charlotte, North Carolina, with offices in six countries, Quint鈥檚 innovative programs enable those properties to expand fan experiences and corporate client entertainment opportunities in a way that reflects the quality and prestige of those brands.

Quint has a portfolio of 15+ official property partnerships servicing over 90 events including Formula 1庐, NBA, Kentucky Derby庐, MotoGP鈩�, Chicago Bears, Green Bay Packers, The Open Championship, NASCAR, Breeders Cup, Belmont Stakes and the NHL庐.

麻豆app
Shane Kleinstein, 720-875-5432

Quint
Allied Global Marketing
mwyatt-uhl@alliedglobalmarketing.com

Source: 麻豆app

Released January 3, 2024