Waterford iGaming firm acquires UK business in €6m deal

The purchase will see the Waterford company add Catena Media's UK business and Australian subsidiary to its growing portfolio

The purchase is being funded with recently raised debt of almost €11m from fintech lender, Thin Cats, with the new business being acquired generating combined revenues of €4.5m in the 12 months prior to close

Waterford-based digital sports and iGaming media company, OneTwenty has acquired the UK and Australian business of Catena Media in a €6m deal.

The transaction, which is expected to close in the third quarter of this year, covers the sale of all assets in Catena Media’s UK business, which includes sports betting brands Squawka and GG.co.uk, and all shares in the group’s wholly-owned Australian subsidiary.