Jeff Bezos, Drake and others invest $80 million in sports media company Overtime

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Jeff Bezos, Drake and others invest $80 million in sports media company Overtime.

Bezos Expeditions, the personal investment firm of the Amazon CEO, is one of the companies tied to this funding round. Global investment firm Blackstone, Morgan Stanley and many NBA stars, including Devin Booker, Trae Young and Klay Thompson, joined the investment round. WNBA star Chiney Ogwumike is also an investor.

As of now, players who join are not eligible for collegiate-level play. But if OTE players do not pursue a professional career, OTE will provide an additional $100,000 for college tuition. Investors in OTE include Portland Trail Blazers forward Carmelo Anthony, Brooklyn Nets star Kevin Durant and Silicon Valley venture capital firm Andreessen Horowitz.

 

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