Gambling.com Group Ltd. agreed to buy the parent company of OddsJam, an online service that helps sports bettors find the best odds, for an initial price of $80 million.
U.S.-listed Gambling.com will also pay as much as $80 million if Odds Holdings hits certain targets through the end of 2026, according to a statement on Thursday that confirmed an earlier Bloomberg News report. The deal is expected to close on Jan. 1, 2025. Gambling.com said the transaction will be immediately accretive to its operating results once it’s completed.
“Odds Holdings gives Gambling.com Group a suite of new enterprise products while OddsJam in particular brings a passionate and energetic new consumer audience to the group,” Gambling.com’s co-founder and Chief Executive Officer Charles Gillespie said in the statement.
