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Churchill Downs to Buy Preakness and Black-Eyed Susan IP Rights for $85 Million

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finance61 days ago

Churchill Downs to Buy Preakness and Black-Eyed Susan IP Rights for $85 Million

Churchill Downs announced it will acquire the intellectual property rights for the Preakness and Black-Eyed Susan for $85 million. The deal includes licensing those rights back to Maryland after 2026. The company, listed as CHDN on NASDAQ, is the buyer in the transaction.

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