Flutter Entertainment PLC Sale of Oddschecker (9632E)
July 12 2021 - 12:00PM
UK Regulatory
TIDMFLTR
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 GBP155 million. Under the terms of the transaction, Flutter
will receive GBP135 million in cash upon completion, with a further
deferred contingent consideration of up to GBP20 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 + 44 75 2111 4787
Lindsay Dunford, Corporate Affairs + 44 79 3197 2959
Billy Murphy, Drury Communications + 353 1 260 5000
James Murgatroyd, Finsbury + 44 20 7251 3801
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END
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