Gambling.com Group Limited announced it has entered into a definitive agreement to acquire Odds Holdings, Inc., the parent company of OddsJam. This acquisition is set to expand Gambling.com Group's footprint in the online gambling ecosystem by integrating a fast-growing technology platform for real-time odds data.
Under the terms of the agreement, Odds Holdings stockholders will receive an initial consideration of $80 million. This initial payment consists of $70 million in cash and $10 million in Gambling.com Group ordinary shares. The transaction also includes a potential additional earn-out of up to $80 million, contingent on Odds Holdings' business performance through 2026.
The acquisition is expected to be accretive to Gambling.com Group's financial results. OddsJam provides a suite of tools and services designed to assist in sports betting, adding complementary recurring revenue streams from consumer subscriptions and B2B enterprise solutions to Gambling.com Group's portfolio.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.