The DONUT, an Austin, TX-based newsletter-based news organization, acquired Press Sports, a provider of a social media platform dedicated to connecting young athletes and sports fans.
The amount of the deal was not disclosed.
The acquisition will support the growth and development of DONUT Press Media., the newly formed unit that will operate as a holding company, integrating the two brands under a shared vision of growth and industry leadership.
Founded in 2019 by Conrad Cornell and Drew Williams as a social media app for athletes to share their journeys, Press Sports has evolved into a sports media company with a reach of 2.1+ million across its app and social media platforms. With a focus on engaging Gen Z and millennials, it connects athletes, coaches, and fans across 50 sports. Branndon Stewart, co-founder and COO of Press Sports, who will join the DONUT Press Media team to oversee daily operations.
Led by Peter Nowak, Founder and CEO, The DONUT provides a daily email providing facts and a 360 view on issues with no narrative or talking points.
FinSMEs
21/08/2024