San Francisco-based Quokka Sports, a sports entertainment company for the digital marketplace, has completed its acquisition of Raleigh's Total Sports. Quokka Sports announced in July a definitive acquisition agreement to acquire Total Sports, but the actual acquisition was not finalized until recently. Under the terms of the agreement, Quokka issued approximately 15 million shares of common stock in exchange for all of the capital ownership of the privately held Total Sports. Founded in 1997, Total Sports is an online sports media company that owns and operates the Total Sports Network featuring live coverage of sporting events.
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