Catena Media bolsters US position with $40m Lineups purchase

Malta-based affiliate buys US site from Sam Shefrin with a further $500,000 to be added if New York legalises sports betting over next three years

Catena Media has acquired US sports betting affiliate Lineups for $39.6m. The purchase price will be paid in cash over three instalments during a two-year period, while an additional cash payment of $500,000 will be paid if New York legalises sports betting within three years of the transaction date. The first $25m payment will be…

Affiliates | Catena Media | Lineups | M&A | Michael Daly | US | US sports betting