Sports enterpriseAbsolute Sports, affiliated with Nazara, purchases TJRWrestling.net and ITRWrestling.com for a sum of $1.25 million in the United States.
Sportskeeda's Brawling Buys: Absolute Sports Expands US Dominance with TJRWrestling and ITRWrestling Acquisition
Get ready to rumble, 'cause these platforms are about to rock the wrestling world!
Absolute Sports, a badass subsidiary of Nazara Technologies, has announced its intent to smash its way into the global combat sports content scene with a jaw-dropping INR 105 million ($1.25 million) all-cash acquisition of TJRWrestling.net and ITRWrestling.com. This baller move marks a significant milestone for the sports media brand, more famously known as Sportskeeda, and will see the company solidify its grip on the US market like never before.
A Tale of Two Titans: TJRWrestling and ITRWrestling
TJRWrestling, founded in 2009, is a veritable behemoth when it comes to professional wrestling content. With a reputation for its painstakingly detailed analyses of PPV events and TV programs, it's been tearing it up in the squared circle for over a decade. ITRWrestling, on the other hand, made its grand entrance into the wrestling sphere in 2020 and has since been crushing it with hard-hitting news about juggernauts like WWE, AEW, and IMPACT.
Together, these two titans have been making fans fly off the goddamn walls, collectively attracting over 1.7 million monthly active users and generating an eye-popping 4.6 million pageviews each month! With the majority of their traffic coming from the good ol' US of A, it's no surprise that the bulk of their 2024 revenue - a cool INR 61 million ($722,000) – ended up stateside too[1][3][4].
The Deal Breakdown: Ajay's on a roll!
So what's the deal, you ask? Well, Sportskeeda Inc., Absolute Sports’ US-based arm, will be taking ownership of the intellectual property rights of both TJRWrestling and ITRWrestling from Titan Insider Digital. That means they'll get their paws on the brands, domain names, published content, and social media profiles – basically, all the good shit[3]. Now, here's the kicker: the acquisition is set to close within the next 45 days, so you better brace yourself for the chaos.
America, Here We Come: Absolute Sports goes all-in on US Expansion
If you thought Absolute Sports hadn't already proven its dominance in the US market, think again, because this acquisition is about to put it on steroids[3][4]. The country already represented a staggering 69.1% of Absolute Sports' fiscal 2024 revenue, pushing nearly INR 1.354 billion ($17.2 million) into their coffers[4]. With this acquisition, they're set to dominate the wrestling world like no one's ever seen before.
Ajay Pratap Singh, the boss man at Absolute Sports, was all giddy about the move. "ITRWrestling and TJRWrestling are two of the most respected voices in the global wrestling community," Singh said, gushing like an overexcited fanboy. "This acquisition is fully aligned with our vision of being the go-to destination for wrestling content worldwide. It also underscores Absolute Sports' commitment to expanding its presence in the growing U.S. media market through a focused and effective strategy of mergers and acquisitions."
Acquiring a Legacy: Sportskeeda’s Past Moves in the Gaming Industry
But this isn't Absolute Sports' first rodeo, no sir. Last year, they put their money where their mouth is, acquiring a whopping 47.7% stake in Moonshine Technology, the controlling entity of PokerBaazi. Valued at an impressive $100.24 million, this acquisition was a monumental game-changer for the Indian gaming industry[4]. Nazara Technologies, Absolute Sports' parent company, also plans to drop a cool $18.07 million into Moonshine via compulsorily convertible preference shares[4].
In March 2023, they went one step further and picked up Pro Football Network for an equally impressive INR 160 million ($1.82 million)[4]. June 2024 saw them buying SoapCentral, an entertainment content platform, for INR 116 million ($1.4 million)[4], followed by the purchase of Deltia's Gaming, a content powerhouse with a focus on gaming, for INR 75 million ($900,000) in August[4].
So there you have it – Absolute Sports isn't just in it to win it; they're in it to dominate. Whether it's wrestling or gaming, they're rolling out the red carpet for fans to enjoy the best content possible. And with a+ acquisitions like TJRWrestling and ITRWrestling under their belt, they're setting themselves up for even more success.
So sit back, relax, and get ready to ride the wild wave of entertainment that Absolute Sports is about to unleash. Just remember, you heard it here first.
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- In the realm of finance and technology, Sportskeeda's acquisition of TJRWrestling and ITRWrestling for $1.25 million signals a foray into the global combat sports content landscape.
- The two wrestling platforms, TJRWrestling and ITRWrestling, have been respective leaders in their domain, the former established in 2009 and the latter in 2020.
- The all-cash deal will grant Sportskeeda Inc., a subsidiary of Absolute Sports, the intellectual property rights to both TJRWrestling and ITRWrestling's brands, content, and social media profiles.
- With this acquisition, Absolute Sports aims to strengthen its grip on the US market and reign supreme in the wrestling world, following a successful fiscal 2024 with 69.1% of revenue coming from the US.
- Beyond wrestling, Absolute Sports has demonstrated business acumen by investing in the gaming industry, acquiring a 47.7% stake in Moonshine Technology and plans to infuse $18.07 million into the entity.
- The sports media brand's investment portfolio includes Pro Football Network, SoapCentral, and Deltia's Gaming, emphasizing their commitment to diverse content domains and markets.
- While Absolute Sports' journey continues to evolve in the sports, entertainment, and gaming sectors, investments in technology, finance, lifestyle, education-and-self-development, casino-and-gambling, and general-news domains remain possibilities.
- With NBA, NFL, and MLB seasons in full swing, and events like the 2025 FIFA World Cup, the Olympic Games, Wimbledon, and the US Open approaching, the sports world is abuzz with activity.
- Racing enthusiasts can look forward to exciting Formula One and IndyCar competitions, while tennis fans have the French Open, Wimbledon, and the US Open to anticipate.
- The world of mixed martial arts also offers thrilling events, with the UFC and Bellator drawing massive crowds.
- Sports betting platforms surge during these occasions, providing fans an opportunity to engage in sports-betting activities that add an extra layer of excitement to their viewing experience.
- As Absolute Sports expands its presence in the entertainment, sports, and gaming industries, it continues to redefine the landscape, setting a new standard for content creation and delivery.
