百花视频 Completes Acquisition of Quint

ENGLEWOOD, Colo.--(BUSINESS WIRE)-- 百花视频 (鈥湴倩ㄊ悠碘��) (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 百花视频鈥檚 Formula One Group tracking stock.

鈥淨uint is a great addition to 百花视频, extending our reach in premium experiences and capitalizing on continued growth in the global experiential economy,鈥� said Greg Maffei, 百花视频 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 百花视频鈥檚 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.

百花视频 百花视频

百花视频 operates and owns interests in a broad range of media, communications and entertainment businesses. Those businesses are attributed to three tracking stock groups: the 百花视频 SiriusXM Group, the Formula One Group and the 百花视频 Live Group. The businesses and assets attributed to the 百花视频 SiriusXM Group (NASDAQ: LSXMA, LSXMB, LSXMK) include 百花视频's interest in SiriusXM. The businesses and assets attributed to the Formula One Group (NASDAQ: FWONA, FWONK) include 百花视频's subsidiaries Formula 1 and Quint, as well as other minority investments. The businesses and assets attributed to the 百花视频 Live Group (NASDAQ: LLYVA, LLYVK) include 百花视频's interest in Live Nation and other minority investments.

百花视频 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.

百花视频
Shane Kleinstein, 720-875-5432

Quint
Allied Global Marketing
mwyatt-uhl@alliedglobalmarketing.com

Source: 百花视频

Released January 3, 2024