PlayOn! Sports, operator of the NFHS Network, and GoFan, a digital ticketing company in the high school sports market, have entered into a definitive merger agreement.
KKR, which joined Panoramic Ventures as an investor in PlayOn! Sports earlier this year is making an additional investment from its North America Fund XIII to support the deal.
PlayOn! Sports, founded in 2008, provides live and on-demand content for high school sports and activities in the United States. GoFan, founded in 2001, is a digital ticketing provider for thousands of high schools and millions of fans nationwide. The NFHS Network is a joint venture with the National Federation of State High School Associations (NFHS) and its member state associations. GoFan is closely an official partner of the NFHS with 40 member associations. PlayOn! Sports and GoFan provide streaming and digital ticketing services to nearly 10,000 high schools nationwide.
The transaction, which is expected to close in the second quarter of 2022, is subject to regulatory approvals and other customary closing conditions. The financial terms of the transaction were not disclosed.
