CDM Sports Returns Via RG Ventures Deal with Liberty
Part of the surprise over the “Fanball closing” announcement was that it appeared the doors were simply being shut without inventory moving on. This week, however, brought us the second acquisition of former Fanball holdings since that news.
As posted now at Fanball.com and CDMSports.com and e-mailed to Fanball users:
RG Ventures, LLC announced today that it has completed its purchase of various assets from Liberty Sports Interactive, Inc. (”Fanball”) which includes all of the rights to a suite of Fantasy Challenge and Draft and Play games. John Brison and Charlie Wiegert, two of the original founders of CDM Fantasy Sports, and a group of former employees and industry veterans will operate the games for RG Ventures under the trade name “CDM Sports” beginning immediately.
The Company’s suite of games will include the legendary fantasy baseball Diamond Challenge, Football Challenge, Draft and Play Baseball, Draft and Play Football, and Fantasy Cup. The Company will begin taking registrations for its fantasy baseball games within a few days. The Company’s portfolio of challenge games will be extensive in the future and will likely include fantasy auto racing, and golf games.
The CDM name, of course, is familiar to anyone in the fantasy sports industry and many veteran players as it has been around from the early days. CDM was acquired by Fanball in 2008 and its games incorporated into the Fanball line.
This acquisition, of course, follows the recent move by STATS to buy a controlling share of Greg Ambrosius’ National Fantasy Championships. We’ll pass along any further info that comes our way.
Tags: cdm sports, charlie wiegert, fanball, fantasy sports, fantasy sports business, fantasy sports industry, liberty media
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