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Gambling Group has entered into a definitive agreement to acquire Odds Holdings, the parent company of OddsJam, a technology platform that provides real-time odds data for sports bettors. This acquisition is seen as a significant move in the sports betting industry, which has experienced limited mergers and acquisitions in recent times. The deal is expected to enhance Gambling Group's capabilities by integrating OddsJam's advanced technology and team. Following the announcement, shares of Gambling Group rose by double digits in pre-market trading, reflecting positive investor sentiment despite recent challenges faced by competitors in the sector. Key figures involved in the transaction include OddsJam founders Alex Monahan and Ankit Goyal, along with CEO Restivo.
Shares of @gambling_group up double digit % pre-market on the news of their acquisition of OddsJam. This is quite a flex, given all the negative news about their peers in the last few weeks. https://t.co/Dk2IcG9Q7h
Big move in sports betting as @gambling_group acquires @oddsjam. Acquisitions in this space have been sparse, but build the right back end, focus on data and it’s magic. Congrats to @restivo, @AlexMonahan100 and the entire @oddsjam team. https://t.co/FEZvjOdZMM
https://t.co/whn8rJrrFW Group Enters into Definitive Agreement to Acquire Odds Holdings, Parent Company of OddsJam, a Fast-Growing Technology Platform for Real-time Odds Data, in Accretive Transaction https://t.co/bFECeljQfM https://t.co/hWyC28Pf3y
