Peter Thiel-backed ‘Olympics on steroids' looks to raise $300M [Yahoo! Finance]
Coinbase Global, Inc. - Class A (COIN)
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Source: Yahoo! Finance
Christian Angermayer, a co-founder of the Enhanced Games, told Bloomberg News that initial discussions have been held with several potential investors, including sovereign wealth funds, for a mixture of debt and equity financing. The company hopes to begin staging sporting events, which have been dubbed “Olympics on steroids,” beginning next year. The Enhanced Games, which is open to anyone, will not test athletes for drugs. It plans to hold competitions in track and field, swimming, weightlifting and other events. It is the brainchild of Australian-British businessman Aron D'Souza, who along with Angermayer led the litigation that eventually bankrupted the news site Gawker after it published a story about Thiel. Thiel subsequently funded a lawsuit brought by former pro wrestler Hulk Hogan against Gawker over an unrelated story, leading to the news site shutting down. Officials with the International Olympic Committee and other sporting bodies have denounced the plans to
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- 9/20/24 - Form 4
- COIN's page on the SEC website