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home / news releases / GAMB - Gambling.com acquires RotoWire.com for $27.5M in cash-and-stock deal

GAMB - Gambling.com acquires RotoWire.com for $27.5M in cash-and-stock deal

Gambling.com Group Limited
Gambling.com (NASDAQ:GAMB) announces that it has entered into an agreement to acquire Roto Sports, Inc, operator of expert fantasy sports news and advice provider RotoWire.com, for a total of $27.5M in cash and stock. The purchase price is 4 times Roto Sports' estimated 2021 revenue. $7.5M of the purchase price will be deferred over a two-year period. RotoWire had more than 100,000 paid subscriptions and more than 17 million unique web visitors in the last 12 months. The acquisition of RotoWire will expand Gambling.com Group's U.S. presence with RotoWire's digital assets, expertise, and platform. Executives expect the acquisition to be immediately accretive to FY2022 earnings. Shares are up 4.28% AH. Gambling.com was recommended by Jefferies after a post-earnings slide.

For further details see:

Gambling.com acquires RotoWire.com for $27.5M in cash-and-stock deal
Stock Information
Company Name: Gambling.com Group Limited
Stock Symbol: GAMB
Market: NASDAQ
Website: gambling.com
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