• Tesonet has formed Confluence Valley with Žalgiris Group to build a sports and entertainment venture targeting expansion across Europe.
• The venture plans to acquire and develop arenas and stadiums, aiming to scale a venue-led model into international markets.
• Paulius Motiejūnas will lead Confluence Valley, drawing on prior senior roles at Žalgiris and the EuroLeague.
• Technology will be central, with plans to deploy data and digital products across team operations, venue management, and fan experiences.
• Confluence Valley has opened more than 40 discussions with potential partners as it evaluates European opportunities.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Tesonet Global Uab published the original content used to generate this news brief on October 06, 2026, and is solely responsible for the information contained therein.