GIBBI, Today
In this newsletter I write the 5 most important news that I read in the day about businesses, media and sports in México and in the World.
Stories:
Polymarket lands $2B from NYSE’s parent
Verisure goes public in oversubscribed IPO
Thursday Night Football: Week 6 - Prediction
Ronaldo becomes first football billionaire with new deal
Netflix getting ready to bid for Champions League games
Polymarket lands $2B from NYSE’s parent (PitchBook)
The New York Stock Exchange’s parent company has agreed to invest up to $2 billion in Polymarket, at a valuation of $9 billion
The strategic investment from Intercontinental Exchange (ICE) is the latest stamp of legitimacy for the blockchain-based predictions market. It’s also a huge bump from its last known valuation, when a round led by Founders Fund in June valued the company at more than $1 billion
The deal includes an ICE agreement to distribute Polymarket data to “thousands of financial institutions around the world,” Polymarket founder Shayne Coplan said in an X post
GIBBI View: This has been a busy year for Polymarket, because in june Polymarket was looking for to raise $200 million in a $2 billion valuation; in august, Donald Trump Jr. joined to Polymarket board, and in september Polymarket was moving closer to reentering the U.S.
Verisure goes public in oversubscribed IPO (PitchBook)
Shares in Hellman & Friedman-backed security services provider Verisure rose following its €3.6 billion IPO in Stockholm on Wednesday, Europe’s largest listing since 2022
Shares were priced at €13.25 each, valuing Verisure at around €13.7 billion (about $15.9 billion), before rising to €15 shortly after trading began. The IPO concludes more than a decade of ownership under H&F and marks Verisure’s return to public markets
Verisure’s new listing attracted more than 60,000 new shareholders. Most of the proceeds, about €3.1 billion, came from newly issued shares, while a smaller portion, about €55 million, came from existing shares sold by Verisure management, mainly to cover tax liabilities linked to the listing
GIBBI View: Other companies that decided to make their IPO this year were Stubhub, Figma, Klarna, Canva, Via, CoreWeave, Wealthfront, Chime, Circle and Gemini
Thursday Night Football: Week 6 - Prediction (GIBBI’s Editorial Staff)
New York Giants vs Philadelphia Eagles, tonight at 20:15 ET on MetLife Stadium (East Rutherford, NJ)
Eagles: 4-1 record (1st place on NFC East)
Giants: 1-4 record (4th place on NFC East)
My Prediction:
Eagles win by 10+ points difference and win its 5th victory of the season
GIBBI View: Another good game that it’ll be played in Thursday Night Football, where Giants will receive Eagles; both teams came from a loss where Eagles lost the undefeated and even that they’re one of the best record team they’re not playing a good football yet; and about the Giants, they’re one of the worst teams in the NFL and its head coach is in the hot seat, and they’ll want to win this game
Ronaldo becomes first football billionaire with new deal (FORTUNE)
Cristiano Ronaldo has become the first footballer to reach billionaire status, according to the latest Bloomberg Billionaires Index, which has valued the Portugal great’s net worth at an estimated $1.4bn
The 40-year-old striker’s financial ascent comes after he signed a new contract with the Saudi Arabian side Al-Nassr in June reportedly worth more than $400m
Ronaldo’s billionaire status places him among a rare group of athletes that includes basketball greats Michael Jordan, Magic Johnson and LeBron James; golfer Tiger Woods; and tennis player Roger Federer
GIBBI View: You can like or dislike Ronaldo, but you can’t criticize him for his desire to improve everyday and try to win every game and tournament; Cristiano wants to win World Cup and he’s preparing to win it next year, but I think that in this moment Argentina (reigning champion team) and Spain (EURO champion team) are the favorite to win World Cup next year
Netflix getting ready to bid for Champions League games (Mirror)
Streaming heavyweights such as Netflix, Disney, or Amazon could potentially bag exclusive first-pick global rights to one Champions League match per round from 2027. UEFA and European clubs are expected to pocket a whopping £4.3billion a season in the upcoming television rights sale
The ‘global first pick’ option is poised to be offered to broadcasters during the imminent tender for the rights to air UEFA’s club competitions from 2027 to 2033, according to the PA news agency. This could lure streaming services with global reach like Netflix, Disney, DAZN and Amazon
Sources close to the tender process have spilled that UEFA and European clubs are aiming to generate a staggering five billion euros (£4.3bn) in media and commercial rights revenue annually in the next cycle, a significant jump on the £3.3bn per season secured for the current one
GIBBI view: This is the trend that we’re seeing where streaming companies (netflix, disney, hbo, etc) are offering more money to buy sport media rights than the traditional media companies (cbs, nbc, fox, etc), and this is bad for the fans because now we have to pay for multiple streaming subscriptions to watch the games, and this is very expensive