A Hole in One

 Quokka Sports (QKKA) acquires Golf.com stake

   *  Amount:         $20 million

   *  Premium:        n/a

   *  Industry:        Content/Communities

   *  Scorecard:      B+

SAN FRANCISCO, June 8--Quokka Sports , a leading provider of sports entertainment for the digital world, announced it has signed a definitive agreement to acquire a controlling interest in Golf.com L.L.C., a leading golf Internet property. Under the terms of the agreement, Quokka Sports will issue approximately 3.9 million shares of common stock in exchange for 71% of the ownership interest of the privately held Golf.com. NBC Sports will retain its 29% ownership of Golf.com.

 

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