By Matt Grossman
SharpLink Gaming Ltd. said Wednesday it has bought assets of FourCubed Management LLC and an affiliated company, 6t4 Co., for $8.2 million.
FourCubed’s network serves internet-gambling companies by referring players and driving player retention, SharpLink said. Annual revenue has averaged $5.5 million in the last five years.
SharpLink’s purchase includes a $6.5 million cash payment and about 600,000 SharpLink shares. An additional payment of 600,000 more SharpLink shares in contingent on the FourCubed business’s meeting performance benchmarks.
SharpLink, based in Minneapolis, is a gambling-technology company focused on online sports betting.
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