Sportradar and SPAC Horizon Acquisition End Deal Talks (1)

Swiss gambling-data company Sportradar AG has ended talks to go public through Todd Boehly’s Horizon Acquisition Corp. II and will instead pursue a traditional initial public offering, according to people familiar with the cancellation.

Sportico, a sports-business publication, said in March that Sportradar and Horizon, a special purpose acquisition company, had agreed to take the company public at a valuation of $10 billion, following a Bloomberg News report that the parties were in discussions.

Horizon Acquisition declined to comment. Sportradar did not immediately respond to an emailed query.

Horizon Acquisition fell as much as 2.3% to $9.71 to new ...