A significant entity in the digital gaming sphere, Catena Media, recently acquired a portfolio of websites and domain names from i15 Media for a substantial sum of $45 million. This strategic maneuver is noteworthy as it expands Catena’s presence in the burgeoning US online wagering sector, particularly in regions like Michigan where internet-based sports betting is gaining momentum.
Imagine this: Catena now possesses the keys to a collection of prominent websites such as Michigansharp.com and NYSportsDay.com. These platforms are popular destinations for individuals seeking information on sports wagering and internet-based casinos. They’ve also secured control of major national brands like bonus.com and gamblingonline.com.
This acquisition is already generating significant attention, with Catena anticipating a considerable increase in their earnings due to the new assets. Furthermore, they are onboarding the talented individuals from i15 Media as consultants, gaining not only the websites but also valuable expertise. This clearly indicates Catena’s strong commitment to the US market.
Catena Media is purchasing yet another firm! The price tag? A cool $25 million – with $5 million paid immediately and the remaining balance spread out over time. To handle the last $12.5 million, they’re putting out some fresh stock.
This acquisition follows a bustling period for Catena Media. They’ve been on a hot streak, snatching up Lineups.com and solidifying their alliance with SportsDataIO. It’s evident they’re committed to expanding their footprint in the realm of sports information!
