Business
BetMakers (ASX:BET) share price on watch after announcing major acquisition
The BetMakers Technology Group Ltd (ASX: BET) share price will be one to watch later this week when it returns from its trading halt.
Why is the BetMakers share price in a trading halt?
This morning the betting technology company requested a trading halt whilst it launched an equity raising to fund a major acquisition.
According to the release, the company has entered into binding agreements to acquire global assets of leading international online sports betting company Sportech PLC for A$56.2 million on a cash-free, debt-free basis.
Management advised that the proposed acquisition of Sportech’s Racing and Digital assets in the United States, United Kingdom, and Europe is intended to accelerate BetMakers’ international growth…
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