Report: Entain edging closer to $200m acquisition of Angstrom Sports
Operator is nearing a deal to acquire the pricing and analytics firm, but the terms are yet to be agreed
Entain is reportedly close to reaching a deal to buy pricing and analytics company Angstrom Sports for a reported $200m (£161m).
In an article published by Business Insideryesterday (May 18), sources say Entain is on the brink of buying the firm, but the terms of the deal are yet to be agreed.
While Angstrom Sports is based in the UK, it mainly focuses on US sports. It enables player and in-game prop bets and offers trading and risk-management tools.
EGR reached out to Entain and Angstrom regarding the deal, but both firms declined to comment.
Should the deal take place, it would mark Entain’s fourth M&A transaction in 2023 so far.
The first was the completion of the deal to buy Dutch operator BetCity from Sports Entertainment Media for a fee of €450m. This acquisition enabled the FTSE 100 firm to enter the Dutch market, after its brands were unable launch in the Netherlands as part of the initial batch of licensees owing to the country’s “cooling-off” period for operators.
Then in March, Entain agreed a deal to acquire Tiidal Gaming NZ, the company behind the esports betting developer Sportsflare, for $13.3m.
The latest acquisition for the operator in April was a $160m purchase of Hong Kong-based sports media and live scores provider 365scores.