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<\/a><\/a>\nUnder the terms of the agreement, Versant will acquire Full Swing from Bruin Capital and a group of minority investors for approximately $530 million in cash, subject to customary purchase price adjustments.<\/p>
\nFull Swing will add an interactive sports platform to Versant\u2019s portfolio, spanning immersive simulation, launch monitors, virtual greens, integrated software, and performance data. Built first in golf and now extending into baseball and other sports, Full Swing supports data-driven practice, play, training, and entertainment across at-home, commercial and professional environments with simulated sports and family entertainment experiences.<\/p>
\nThe transaction will build on Versant\u2019s leadership in golf while expanding the company\u2019s capabilities into interactive sports experiences. Full Swing will be anchored in Versant\u2019s golf business, supported by Golf Channel, GolfNow and GolfPass, and will provide a new way to engage the growing golf community. The acquisition will also create opportunities to develop a unique ecosystem across content, commerce, training, venues, and performance data, while supporting Full Swing\u2019s continued growth as a sports technology company.<\/p>
\n\u201cFull Swing is exactly the kind of strategic platform that reflects how we are building Versant: investing in our core markets, extending the reach of our iconic brands and creating new ways to serve passionate audiences,\u201d said Mark Lazarus, Chief Executive Officer of Versant. \u201cSports are becoming more interactive, more data-driven and more connected, and Full Swing allows us to build on that momentum. Starting from our strength in golf, we see an opportunity to scale a multi-sports technology platform for athletes, coaches, consumers, and fans.\u201d<\/p>
\n\u201cFull Swing will add a powerful performance layer to Versant, bringing interactive products, precise data and immersive software to players wherever they engage, including at home, on the range, in venues or with coaches,\u201d said Will McIntosh, President, Digital Platforms and Ventures at Versant. \u201cWe have long admired what Ryan and his leadership team have built at Full Swing and look forward to welcoming them to the Versant family as we work together to extend the platform\u2019s reach and impact across training, competition and entertainment.\u201d<\/p>
\n\"This is an exciting next chapter for Full Swing. Joining Versant gives us the scale and distribution to bring our technology to even more golfers, athletes and fans, while staying focused on what we do best \u2014 building the most connected and immersive way to play and train,\u201d said Ryan Dotters, Chief Executive Officer of Full Swing. \u201cWe're proud of what our team has built, and we look forward to growing it alongside Versant's portfolio of iconic brands.\"<\/p>
\n\u201cJoining Versant\u2019s portfolio and resources, under Mark's vision for the future of sports and fan experiences, is exactly the kind of next chapter we set out for when we acquired Full Swing five years ago,\u201d said George Pyne, Bruin Capital\u2019s Founder & Chief Executive Officer. \u201cIts data and technology are a perfect fit for the interactive, athlete-to-fan ecosystem Versant is building. This is truly a win for everyone, and we\u2019re thrilled for Ryan and the team.\u201d<\/p>
\nFollowing the closing of the transaction, Full Swing will operate within Versant\u2019s Digital Platforms and Ventures portfolio, and Dotters will join Versant, reporting to McIntosh. The transaction is subject to customary closing conditions and is expected to close in the second half of 2026.<\/p>
\nGibson Dunn acted as legal advisor to Versant. Moelis & Company LLC. acted as financial advisor, and Kirkland & Ellis LLP acted as legal counsel to Bruin.<\/p>
\nAbout Full Swing<\/b><\/p>
\nFull Swing is the industry leader in pioneering sports technology. Its lineup of trailblazing golf and baseball products entertains users around the world while helping them to practice with purpose. As the Official Licensed Simulator of the PGA TOUR and an Official Technology Partner of TGL presented by SoFi, Full Swing simulators bring unmatched real-ball-flight data to golf and immersive multi-sport experiences. The company\u2019s KIT Launch Monitor, tested and trusted by Tiger Woods, is an indoor and outdoor practice solution that uniquely combines 16 points of club and ball data with high-resolution video. This groundbreaking technology has now been extended to baseball, so KIT can calculate both pre- and post-impact data performance insights like Squared Up Rate and Potential Exit Velocity. Full Swing\u2019s impressive roster of champions is highlighted by PGA TOUR stars like Woods, Jordan Spieth and Xander Schauffele, as well as Jon Rahm, Dustin Johnson, Patrick Mahomes, Josh Allen and Steph Curry.<\/p>
\nAbout Versant Media Group, Inc.<\/b><\/p>
\nVersant Media Group, Inc. (NASDAQ: VSNT) is an industry-changing media and entertainment business and home to trusted brands that shape culture, inform audiences, and build lasting connections. It operates in four core markets: political news and opinion; business news and personal finance; golf; and sports and genre entertainment. These markets are served through a powerful portfolio of iconic and innovative brands, including MS NOW, CNBC, USA Network, Golf Channel, E!, SYFY and Oxygen, and complementary digital platforms Fandango, Rotten Tomatoes, GolfNow and GolfPass. Visit www.versantmedia.com<\/a> for more information.<\/p> \nAbout Bruin Capital<\/b><\/p> \nBruin Capital (www.bruincptl.com<\/a>) is a global investment and operating platform focused on sports, media, marketing, entertainment, and related technology. Founded in 2015 by George Pyne, Bruin partners with founders and management teams to build and scale businesses powering the global sports economy. The firm\u2019s portfolio includes As1, Box to Box Films, FairPlay Sports Media, Full Swing, Matchroom Sport, PlayGreen, Proof of the Pudding, Soulsight and TGI Sport. Bruin\u2019s global headquarters is in Westchester County, New York; it\u2019s portfolio has offices in 21 countries, with 3900 employees and does business in more than 100 countries worldwide.<\/p> \nCaution Concerning Forward-Looking Statements<\/b><\/p> \nThis press release includes statements that may constitute \u201cforward-looking statements\u201d within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934. Forward- looking statements are not historical facts or statements of current conditions, but instead represent only our beliefs regarding future events, many of which, by their nature, are inherently uncertain and outside of our control. These may include, among other things, the anticipated benefits of the proposed acquisition of Full Swing, and associated opportunities, the timing of the closing of the acquisition, future business strategies, market opportunities, audience trends, distribution expansion, and other aspects of our operations and plans. These statements are often identified by words such as \u201cbelieve,\u201d \u201cexpect,\u201d \u201canticipate,\u201d \u201cestimate,\u201d \u201cintend,\u201d \u201cplan,\u201d \u201cpotential,\u201d \u201copportunity,\u201d \u201cwill,\u201d \u201cwould,\u201d \u201cshould,\u201d \u201ccould,\u201d \u201cmay,\u201d \u201cgoal,\u201d \u201ccommit,\u201d \u201cfuture,\u201d \u201cstrategy,\u201d \u201cproject,\u201d \u201cforecast,\u201d \u201ctarget,\u201d \u201ccontinue,\u201d \u201cwill likely result,\u201d and similar expressions. However, the absence of these words does not mean a statement is not forward-looking.<\/p> \nForward-looking statements involve risks, uncertainties and other factors that are difficult to predict and that may cause actual results to differ materially from those expressed or implied in the forward-looking statements, including risks relating to our ability to integrate and realize the expected benefits of the acquisition, and associated opportunities, timing of the closing of the acquisition, shifts in audience behavior, changes in the competitive or regulatory landscape, and other factors, including the risks described in the \u201cRisk Factors\u201d sections of our most recent Annual Report on Form 10-K, and other reports filed with the Securities and Exchange Commission (SEC).<\/p> \nYou are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date they are made and involve risks and uncertainties that could cause actual events or actual results to differ materially from those expressed in any such forward-looking statements. Although we believe the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, level of activity, performance or achievements. Moreover, neither we nor any other person assumes responsibility for the fairness, accuracy and completeness of any of these forward-looking statements. Except as required by law, we are not under any duty to update any of these forward-looking statements or any other information contained in this release.<\/p> \nInvestor<\/b> \nNatalie Candela\n \nMedia<\/b>