Genius Sports Ltd (NYSE:GENI) shares are trading higher in Wednesday's after-hours session following a report indicating the National Football League has become the largest U.S. shareholder in the sports technology company.
According to a Sportico report, the NFL is now the largest American owner in Genius Sports with a 7.7% stake after a fresh batch of warrants were vested last week.
Genius Sports is a business-to-business provider of scalable, technology-led products and services to the sports, sports betting and sports media industries.
GENI Price Action: Genius Sports shares have traded between $4.16 and $25.18 over a 52-week period.
The stock was up 7.28% in after hours at $5.01 at time of publication.
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