Sharplink Gaming To Acquire Sportshub Games Network To Accelerate Audience Growth, Fantasy Sports Conversion
Sep 08, 2022•over 3 years ago
Acquiring Company
SharpLink
Acquired Company
SportsHub Games Network
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.
M&A Insights
Based on deal dataIntegration 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