Flutter Entertain — M&A Activity 2021

Jul 12, 2021

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author: Edward Traynor
date: 2021-07-12 13:08:00+00:00

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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