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Star Group history
Star Group company history timeline
In early 1990, GP Group purchased the Star, National Enquirer's rival publication, from Rupert Murdoch's New America Publishing Inc. for $400 million in cash and stocks.
The Enquirer/Star Group went public in July 1991, with an initial offering of 13 million shares of Class A Stock.
In 1993, the company entered into a joint venture with Brandon Tartikoff (former chairman of Paramount Studios) to begin production of a one-hour television program produced by the staff of the Weekly World News to be aired on network television.
Net income grew by 15 percent to $19.4 million in 1993.
In June 2014, the company led by David Baazov agreed to buy the parent company of PokerStars and Full Tilt Poker, owned by Isai and Mark Scheinberg, for $4.9 billion borrowing $3 billion for the deal.
In March 2016, following charges by Canadian regulators with multiple securities fraud charges, he took an indefinite leave of absence, and resigned in August.
On December 20, 2016, Baazov dropped a bid to buy the company with a "virtually unknown" group of outside investors, one of whom denied being involved.
On August 1, 2017, the company changed its name to The Stars Group Inc.
Star Group, is a limited partnership that has approved an election to be treated as a corporation for United States federal income tax purposes effective November 1, 2017.
In April 2018, the company acquired UK-focused Sky Betting & Gaming for cash and stock worth $4.7 billion.
On October 2, 2019, Flutter Entertainment announced an agreement to acquire The Stars Group for $6 billion.
The sale of The Stars Group to Flutter was completed on May 5, 2020.
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Fox will have the option to acquire an 18.5% stake in its United States subsidiary FanDuel Group in 2021.
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Star Group competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Didit | 1996 | $180,000 | 100 | - |
| Lionsgate | 1997 | $3.9B | 3,500 | 3 |
| Golin | 1956 | $210.0M | 1,199 | 18 |
| Houston Media Source | 1986 | $5.0M | 13 | 4 |
| Global Advertising | - | - | - | - |
| Situation | 2001 | $13.0M | 175 | 6 |
| Intersport | 1985 | $12.4B | 5 | 12 |
| Univision Communications | 1962 | $270.0M | 1,108 | 152 |
| Nuvo Magazine | 1990 | $3.3M | 10 | - |
| Tuned In Broadcasting, Inc. | - | $500,000 | 6 | - |
Star Group history FAQs
Zippia gives an in-depth look into the details of Star Group, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Star Group. The employee data is based on information from people who have self-reported their past or current employments at Star Group. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Star Group. The data presented on this page does not represent the view of Star Group and its employees or that of Zippia.
Star Group may also be known as or be related to Star Group.