Acquisition information
Lottery.com (Nasdaq: LTRY) has finalized terms for the acquisition of S&MI , the company behind Sports.com. The deal, set to complete on September 1, 2024, will be satisfied with Lottery.com equity at $3.00 per share. This acquisition aims to enhance Sports.com's long-term value and growth opportunities, particularly in the Middle East and North Africa.
Post-acquisition, S&MI will be renamed Sports.com Media , with Marc Bircham joining the board, bringing his extensive soccer experience. The company also highlighted a partnership between S&MI and Clickshakers, which has launched in Singapore and is expanding to the UK and France. This move is expected to strengthen Sports.com's global profile and market position in digital sports entertainment.
Post-acquisition, S&MI will be renamed Sports.com Media , with Marc Bircham joining the board, bringing his extensive soccer experience. The company also highlighted a partnership between S&MI and Clickshakers, which has launched in Singapore and is expanding to the UK and France. This move is expected to strengthen Sports.com's global profile and market position in digital sports entertainment.
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Sean Parker : any thoughts yet on why this hasnt gained any traction? i felt like news like this would have brought the price up a llittle..? i got a few just on the off chance it'll actually hit 3