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New Deal


Announced

Completed

XLMedia completed the acquisition of CBWG Sports for $25m.

Financials

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Transaction Value£18m
Consideration TypeOrdinary Shares, Contingent Deferred Consideration, Cash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Friendly

Completed

Private

Acquisition

Casinos and Gambling

Cross Border

United States

Majority

betting and gaming

Single Bidder

sports betting

Synopsis

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XLMedia, a global digital performance publisher, completed the acquisition of CBWG Sports, the sports gaming and sports betting business of CBWG for $25m. "It is great to have acquired such an attractive set of assets during an inflection point for the US Sports betting market. On some estimates, almost 60% of the US population is set to have legal access to Sports betting by the end of 2022 - this could include New York, where one of the key assets, EliteSportsNY.com, is focused," Stuart Simms, XLMedia CEO.

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