Gambling.com Group Acquires Freebets.com and Related Assets from XLMedia
April 2, 2024
Gambling.com Group Limited (Nasdaq: GAMB) completed the acquisition of Freebets.com and related European and Canadian affiliate assets from XLMedia for total consideration of $37.5–$42.5 million. The acquired assets are expected to generate approximately $10.0 million of revenue and $5.0 million of incremental Adjusted EBITDA through the remainder of 2024 and will strengthen Gambling.com Group's presence across European regulated online gambling markets.
- Buyers
- Gambling.com Group Limited
- Targets
- Freebets.com and related European and Canadian affiliate assets
- Sellers
- XLMedia plc
- Industry
- Media & Entertainment
- Location
- United Kingdom
- Transaction Type
- Buyout
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