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Mandalay Sports Media (MSM), the sports content and media company founded in 2012 by Peter Guber and Mike Tollin, announced today that it has received a strategic investment from Columbia Capital and Rho Ventures, two leading private-equity firms with significant investments and experience in media and entertainment. As part of the transaction, the investors have acquired a minority equity stake in MSM, and representatives from Columbia and Rho will join MSM’s Board of Directors. Financial terms of the deal were not disclosed.
The infusion of new capital will be used to expand MSM’s content operations, and fuel acquisitions and investments across the sports media landscape, including in the areas of content, distribution and technology. Columbia and Rho intend to commit substantial capital and resources beyond this initial investment by identifying opportunities with MSM to invest in, acquire, build and operate businesses and assets in the rapidly expanding marketplace for sports media.