| Global sports media company SportsLine announced
Tuesday that its subsidiary SportsLine Europe has
acquired the sports division of Infosis Group for £1.5 million
($2.4 million) in cash.
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Infosis Sport supplies sports information to media companies
in the UK and Europe, including online news and data. One of
its customers over the past year has been the SportsLine
Worldwide site.
"The acquisition of Infosis Sport provides ownership of the
most in-depth, comprehensive and timely scores and statistics
throughout the U.K. and Europe, allowing SportsLine Europe a
distinct competitive advantage," said Michael Levy, president
and CEO of SportsLine USA and chairman of SportsLine Europe.
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"Infosis Sport has already established itself as a market
leader with an existing client base, making it a valuable
asset for SportsLine Europe," he added.
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Infosis Sport has a respectable share of the UK market for
the provision of real-time scores, statistics, match reports
and features. Founded in 1993, it runs a team of correspondents
in the UK and Europe.
SportsLine Europe says it will continue to provide other
European media with sports content, even though it plans
to launch a new Web site called UK SportsLine later this
summer.
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