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LYSN Inc Acquires Majority Share of Youth Sports Firm FONU2.

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Vincent

MANews-(C)2009-2020

US-based LYSN Inc. d/b/a Live Youth Sports Network/LiveYouthSports has acquired a majority interest in Florida-based FONU2, a holding company for various companies that specialise in youth sports, the company said.

Terms of the transaction were not disclosed.

LYSN will launch its fundraising system to high schools nationwide this fall that leverages both local advertising/sponsorships and pay per view viewerships at individual streamed and archived events.

The company will participate in a revenue sharing model with the schools to assist in fundraising efforts.

As FONU rolls out and expands LYSN's live streaming/fundraising system, the company plans to be throughout the US market by 2021.

The youth sports market represents one of the fastest growing niche sectors in the world.

Analysts are predicting a boom over the next several years that could be as much as USD 50bn in global spending on youth sports and related goods and services, taking annual total spending...

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