The Action Network reveals RSE Ventures backing
December 2, 2019- Share:
RSE Ventures took part in a $17.5 million investment in Los Angeles-based sports gambling startup The Action Network that was announced in February, according to Bloomberg. RSE is led by billionaire Stephen Ross, who owns the NFL's Miami Dolphins. The investment in The Action Network, which valued the business at $62.5 million, also drew participation from Blackstone veteran David Blitzer, who co-owns the NBA's Philadelphia 76ers and the NHL's New Jersey Devils. The Action Network was formed by The Chernin Group in 2017.
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