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Kevin Durant Set To Secure Big-Time Investment In Merger Reportedly Valued At $1.35B

Kevin Durant is evidently enjoying his time in the business limelight. As AfroTech previously reported, the Brooklyn Nets basketball star recently secured a two-year partnership with blockchain platform Dapper Labs’ NBA Top Shot. Now, Durant is making headlines as he’s reportedly set to become one of the major buyers in a merger agreement between ticket search engine platform SeatGeek and blank check company RedBall Acquisition Corporation, according to Front Office Sports. The merger proves to be a relief for RedBall — co-founded by Billy Beane and RedBird Capital founder Gerry Cardinale — who reportedly struggled over the past year, EssentiallySports previously reported. But clearly, hope was not lost as RedBall now has a promising footing with the latest merger reportedly valued at a whopping $1.35 billion (What a comeback). The equity rollout will include a $100 million private investment in public equity (PIPE). The beauty of PIPE financing permits prospects to be afforded the...

Samantha Dorisca

Oct 18, 2021

Kevin Durant's Thirty Five Ventures Could Score Big After Investing In WHOOP, A Company Valued At $3.6B

Kevin Durant’s investing power has reached a whole new level as his latest investment is setting him up for more success. According to a report from Sportico, Durant’s investment vehicle, Thirty Five Ventures, participated in a $200 million Series F funding round for health tracking firm WHOOP, which has brought the company’s valuation to $3.6 billion. The new appraisal reportedly will result in a nearly 2,800% return for Durant and his investment firm, topping off yet another successful backing. Sportico also reports that Durant first invested in the health tracking company back in 2017, and just a year later the firm was pegged at a valuation of $125 million. So to see that number now skyrocket to the billion-dollar club means an incredible payoff for the two-time NBA champ’s investment arm. Since early last year, Durant has been busy capitalizing on his success off the court through the development of Thirty Five Ventures — which has made 39 investments to date, according to...

Njera Perkins

Aug 31, 2021