Greenberg Traurig Counsels dMY Technology Group II in Business Combination Agreement with Genius Sports Group

Rhea-AI Summary

Greenberg Traurig, LLP acted as gaming regulatory counsel for dMY Technology Group, Inc. II (NYSE: DMYD) in a definitive business combination with Genius Sports Group Limited (GSG). This merger will enable dMY II and GSG shareholders to exchange their shares for those of the newly formed company, which will be listed on the NYSE. The transaction is valued at approximately $1.5 billion, positioning the combined entity within the sports data and technology sector.

Positive

• Merger with Genius Sports Group positions dMY Technology Group II for growth in the sports data sector.
• Transaction values the combined entity at approximately $1.5 billion, reflecting strong market confidence.

Negative

• None.

CHICAGO, Oct. 28, 2020 /PRNewswire/ -- Global law firm Greenberg Traurig, LLP served as gaming regulatory counsel to dMY Technology Group, Inc. II (NYSE: DMYD)(dMY II), a publicly traded special purpose acquisition company, as they entered into a definitive business combination agreement with Genius Sports Group Limited (GSG), a provider of sports data and technology powering the sports, betting, and media ecosystem. This combination will result in dMY II and GSG shareholders exchanging their shares for shares in a new combined company, which will be publicly listed on the New York Stock Exchange. The transaction implies a pro forma enterprise value of approximately $1.5 billion.

"Greenberg Traurig is pleased to continue assisting dMY Technology Group, Inc. II in their growth strategies," said Chicago Shareholder Edward Winkofsky, who led Greenberg Traurig's deal team.

About Greenberg Traurig's Global Gaming Group: Greenberg Traurig's Global Gaming Group focuses not only on casino operations, but also addresses lotteries, pari-mutuel wagering, charitable gaming, tribal gaming, and internet gaming, where permitted by law. Members of the practice have varied backgrounds and are located throughout the firm's offices, allowing them to assist gaming clients in this highly regulated industry across multiple U.S. jurisdictions and internationally. The practice's focus includes the representation of casino owners, operators and executives, gaming manufacturers and suppliers, private equity firms, and investment banks on gaming related matters.

About Greenberg Traurig, LLP (GT): Greenberg Traurig, LLP (GT), has approximately 2200 attorneys in 40 locations in the United States, Latin America, Europe, Asia, and the Middle East. GT has been recognized for its philanthropic giving, diversity, and innovation, and is consistently among the largest firms in the U.S. on the Law360 400 and among the Top 20 on the Am Law Global 100. The firm is net carbon neutral with respect to its office energy usage and Mansfield Rule 3.0 Certified.  Web: http://www.gtlaw.com Twitter: @GT_Law.

Greenberg Traurig Media Contact: Lourdes Brezo-Martinez, martinezl@gtlaw.com, 2128012131

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SOURCE Greenberg Traurig

FAQ

What is the business combination agreement involving DMYD?

dMY Technology Group II (NYSE: DMYD) has entered into a definitive business combination agreement with Genius Sports Group Limited.

What is the pro forma enterprise value of the merger involving DMYD?

The merger implies a pro forma enterprise value of approximately $1.5 billion.

When was the business combination agreement for DMYD announced?

The business combination agreement was announced on October 28, 2020.

What does the merger between DMYD and Genius Sports Group entail?

The merger allows dMY II and GSG shareholders to exchange their shares for shares in the newly combined company.