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American Media announced today that it’s acquiring 14 adventure and sports media brands from TEN: Publishing’s Adventure Sports Network. The titles include some of the best-known niche-sports brands in magazine media, including Bike, Powder, Surfer, Canoe & Kayak, several Transworld titles, and Snowboarder.

The deal extends American Media’s run of acquisitions in recent years, which included Us Weekly and Men’s Journal in 2017 and Bauer Media’s celebrity and teen brands in 2018. It will bolster AMI’s Active Lifestyle Group, which will   …  More

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In an age where it feels like everyone is fed up with public transportation and traffic, other first and last mile options like skateboards and scooters are seeing new life.

Take Boosted, Inc. an electric skateboard company founded in 2012 that just raised $60 million in a Series B round led by Khosla Ventures and iNovia Capital. The company plans on using the new flush of money   …  More

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How much money you need to build a Formula One car? According to some estimates, at least $12.2 million is required to build an F1 car. The FIA have made a number of changes in every season about the car designs. As a result, the cost of car is increased with new season.

The first thing to be kept in mind is that bigger F1 teams such as Ferrari, Mercedes, Red Bull and McLaren spend budget almost   …  More

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Rumors and talk have been floating around for some time now but it seems that it’s nearly official. China’s Anta Sports Products is leading a consortium to purchase Amer Sports for a reported 5.2 billion dollars this week. Amer Sports owns both ENVE and Mavic, as well as other active brands such as Arc’teryx, Salomon, Atomic, and Suunto   … More

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