Malta: Catena Media grows US portfolio with Lineups.com acquisition

Malta: Catena Media grows US portfolio with Lineups.com acquisition

Article brief provided by iGaming Business
  • Robert Fletcher, iGaming Business
May 5, 2021 5:00 AM
  • Robert Fletcher, iGaming Business

Affiliate group Catena Media has announced the acquisition of US-facing online sports affiliation business Lineups.com for $39.6m (£28.6m/€33.0m).

Story continues below

The purchase price is payable in cash in three installments over a two-year period, including an up-front payment of $25.0m on closing, $9.6m one year after the deal goes through and $5.0m two years after the acquisition completes.

An additional contingent cash payment of $500,000 will also be due if certain requirements are fulfilled within three years of the transaction date, including if New York legalises sports betting during that period.

Lineups.com specialises in analytics, betting predictions and tools, providing confirmed and projected starting line-ups and rosters for major US sports leagues such as the National Football League, National Basketball Association, Major League Baseball and the National Hockey League.