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MLB All-Star Edition ⚾ 🌭

MLB All-Star Edition ⚾ 🌭
July 15, 2021

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The 2021 MLB All-Star game, a celebration of the best pinch hitters and crowd-pleasers, ended Tuesday with a 5-2 win for the American League All-Star Team. Due to the pandemic, the 2020 game was canceled for only the second time since 1933 – the first was due to WWII. This year's return was a welcome event for baseball fans and the MLB organization, which generates $45MM from the game in advertising revenue alone.

“America’s pastime” gets political

This year’s game wasn’t all hot dogs & crowd renditions of “Take Me Out to the Ballgame,” as the decision to relocate the game from Atlanta to Denver was based on a highly contentious political issue: voting rights laws in Georgia. The MLB ultimately decided to move the game after Georgia lawmakers enacted voting laws alleged to predominantly affect voter turnout from the Black community, a reaction many attributed to the Republican upset experienced in the 2020 Presidential election, when Georgia went blue for the first time since 1992.

We’ll see how America’s two pastimes -- baseball and politics -- mesh in the future. For now, let’s take a look at the business of baseball and its major league teams.

Bases are loaded 💰💰💰

On first base: Boston Red Sox 🥊
Notorious for having the craziest fans of all baseball teams, who “park the car on Harvard yard” (I couldn’t help myself), the Boston Red Sox takes the 4th spot with a valuation of $3.47BN.

On second: Los Angeles Dodgers
These former Brooklynites boast a payroll of $200MM and have been owned in part by basketball legend Magic Johnson since its 2012 sale for $2.2BN. The value now comes in in 3rd place at $3.57BN.

On third base: Chicago Cubs 🐻
With a devoted fan base of “lovable losers” showing up to Wrigley Field to see them play, despite having a curse on their heads since the 1945 world series, that loyalty earns them the 2nd spot in valuation at $3.63BN.

Home run: New York Yankees 🎩
Boasting baseball legends Yogi Berra, Babe Ruth, Joe DiMaggio, and Mickey Mantle among their alums, this team has true star power. The team slides into first with a mega-valuation of 5.25BN big ones.

Opinion: Tech needs to focus on deskless employees

80% of the workforce is getting less than its share of tech upgrades.
[Forbes]

Washington State vs. Washington D.C.
While the Federal level stalls on new laws, WA is charging ahead.
Since last week, PrivCo has added:

384 Companies | 135 Funding Activities | 87 M&A Deals

Funding & Deal Highlights:
 

Amperity raises $100MM from HighSage Ventures

Software & Internet Services • Round D • Seattle, WA
 

Pantheon Systems raises $100MM from SoftBank Vision Fund

SaaS Software & Internet Services • Round E • San Francisco, CA
 

Arctic Wolf Networks raises $150MM from Owl Rock Capital Partners

Cloud Software & Internet Services • Round F • Eden Prairie, MN
 

Gembah raises $11MM from ATX Venture Partners

Design Software & Internet Services • Round A • Austin, TX
 

Quantexa raises $153MM from Warburg Pincus

Fintech • Round D • Bishop’s Ward, U.K.


HgCapital acquires InsightSoftware International for $1BN

Software & Internet Services • Acquisition • Raleigh, NC
 

Mediaocean acquires Flashtalking for $500MM

Adtech • Acquisition • London, U.K.
 

Banco Nacional de Credito CA, Banco Universal acquires Citigroup’s Venezuela Operations

Banks • Acquisition • Caracas, Venezuela
 

Altus Power merges with CBRE Acquisition Holdings for $1.6BN

Renewable Electricity & Fuels • SPAC • Greenwich, CT
 

Arlington Capital Partners acquires TRP Construction Group

Industrial Services • Acquisition • Fort Worth, TX
 

Webhelp SAS to acquire OneLink S.A.S.

Business Support Services • Acquisition • Paris, France

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