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New Deal


Announced

Completed

dMY Technology Group III completed the merger with Rush Street Interactive in a $1.8bn deal.

Financials

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Transaction Value£1,391m
Consideration TypeCash, Ordinary Shares
Capital Owned-
Capital Bid For100%
EV/Sales29x
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

online casino

United States

Acquisition

Single Bidder

sports betting

Majority

Friendly

Merger

Casinos and Gambling

Domestic

Reverse Takeover

Completed

De-SPAC

Synopsis

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dMY Technology Group III, a publicly traded special purpose acquisition company, completed the merger with Rush Street Interactive, an online casino and sports wagering company, in a $1.8bn deal. "We started RSI in 2012 to create a fun and engaging online experience for the US gaming customer and we now have a great opportunity to accelerate our growth in this dynamic market. We are looking forward to investing further in market expansion, product innovation, and growing our talented team," Greg Carlin, Rush Street Interactive CEO.

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