Entain Earlier Announced Acquisition of Angstrom Sports For Up To £122M
Portfolio Pulse from Charles Gross
Entain plc has announced the acquisition of Angstrom Sports for a total consideration of £81 million plus contingent payments totalling a maximum of £122 million, payable over three years. Angstrom Sports is a specialist provider of next generation sports modelling, forecasting and data analytics.
July 17, 2023 | 9:39 am
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POSITIVE IMPACT
Entain's acquisition of Angstrom Sports could potentially enhance its sports betting offerings, which may indirectly benefit GMVHY.
As Entain enhances its sports betting offerings through the acquisition of Angstrom Sports, this could potentially increase the attractiveness of its products and services, indirectly benefiting GMVHY.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Entain's acquisition of Angstrom Sports could potentially enhance its sports betting offerings, which may indirectly benefit MGM.
As Entain enhances its sports betting offerings through the acquisition of Angstrom Sports, this could potentially increase the attractiveness of its products and services, indirectly benefiting MGM.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50