Shift4 Acquires SpotOn Sports & Entertainment Unit for $100M
October 3, 2023
Shift4 Payments purchased SpotOn’s sports and entertainment business unit for $100 million in cash, acquiring the unit’s customers, some employees and certain technology assets while SpotOn retains and licenses source code for restaurant use. The deal expands Shift4’s presence in the stadiums/venues vertical by adding marquee clients and technology to bundle POS, mobile ordering and payments for sports and entertainment venues.
- Buyers
- Shift4 Payments
- Targets
- SpotOn sports and entertainment business unit
- Sellers
- SpotOn
- Industry
- Payments & Fintech
- Location
- California, United States
- Transaction Type
- Divestiture
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