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Sharplink Gaming To Acquire Sportshub Games Network To Accelerate Audience Growth, Fantasy Sports Conversion

Sep 08, 2022over 3 years ago

Acquiring Company

SharpLink

Acquired Company

SportsHub Games Network

MinneapolisArtificial IntelligenceInformation Technology

Description

SharpLink Gaming Ltd. (Nasdaq: SBET) (“SharpLink” or the “Company”), a pioneer of targeted, data-driven user engagement and conversion solutions for the U.S. sports betting and iGaming industries, today announced that it has entered into an Agreement and Plan of Merger pursuant to which it will acquire 100% of SportsHub Games Network, Inc. (“SportsHub”), an industry leading fantasy and sports game provider, in an all-stock transaction. Closing of the acquisition is subject to the satisfaction of certain closing conditions, including shareholder approval by SharpLink’s shareholders.

Company Information

Company

SharpLink

Location

Minneapolis, Minnesota, United States

About

SharpLink is a technology company focused on innovative solutions in the digital landscape. The company aims to enhance online experiences through strategic acquisitions. It specializes in integrating cutting-edge technology with robust platforms.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed