Alex Rodriguez

Satellite-to-phone connectivity provider Lynk Global will head to the public markets via a merger with a shell company led by former professional baseball player Alex Rodriguez. The two companies confirmed the deal on Monday after announcing a non-binding LOI with Rodriguez’s special purpose acquisition company (SPAC), Slam Corp, in December. According to an investor presentation filed with regulators, the deal could give Lynk a $913.5 million post-money valuation. Much of the capital from the transaction will not…

Alex Rodriguez at eMerge Americas conference in Miami on June 13, 2017.David A. Grogan | CNBCAlex Rodriguez is betting on the growth of mixed martial arts.The former MLB star is now a partial owner of the Professional Fighters League after he contributed to a $30 million funding round, the company said Thursday. Rodriguez joined media investment firm Waverley Capital in the raise and will have a seat on PFL's board of directors.Terms of the investment were not disclosed.This marks the second recent pro sports investment…