Why Helbiz Shares Are Soaring Today

Helbiz Inc HLBZ is surging higher Friday after the company announced its media unit has entered into an agreement with FOX Networks to broadcast the Italian Serie B championship across the USA and the Caribbean.

Helbiz will provide FOX with exclusive audiovisual rights to broadcast the top Serie B matches and game highlights live on the FOX Sports family of networks.

This is the first time the entire Serie B championship will be available to view in North America.

"The Serie B Championship could not find a better place to be broadcasted throughout North America. This partnership represents a huge step in terms of coverage, potential reach and editorial treatment for Serie B and expands the international presence of Helbiz Live," said Matteo Mammì, CEO of Helbiz.

HLBZ Price Action: Helbiz was halted for volatility during Friday's session. 

The stock was up 149% at $22.42 at time of publication.

Photo: Pexels from Pixabay.

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