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Sale of Oddschecker

12th Jul 2021 17:00

RNS Number : 9632E
Flutter Entertainment PLC
12 July 2021
 

 

12 July 2021

 

Flutter Entertainment plc ("Flutter")

Sale of Oddschecker

 

Flutter announces that it has agreed to sell Oddschecker Global Media ("OGM") to Bruin Capital in a transaction that values OGM at up to £155 million. Under the terms of the transaction, Flutter will receive £135 million in cash upon completion, with a further deferred contingent consideration of up to £20 million.

OGM is a leading sports betting and gaming affiliate business. The transaction is expected to close in the third quarter of 2021.

 

 

Contacts:

Investor Relations:

David Jennings, Group Director of Investor Relations & FP&A

+ 353 87 951 3560

Ciara O'Mullane, Investor Relations

+ 353 87 947 7862

Liam Kealy, Investor Relations

+ 353 87 665 2014

Press:

Fi Thorne, Corporate Affairs

Lindsay Dunford, Corporate Affairs

+ 44 75 2111 4787

+ 44 79 3197 2959

Billy Murphy, Drury Communications

+ 353 1 260 5000

James Murgatroyd, Finsbury

+ 44 20 7251 3801

 

 

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