Catalyst Media Group PLC SIS acquisition of 49's Ltd (3486R)
June 29 2020 - 1:53AM
UK Regulatory
TIDMCMX
RNS Number : 3486R
Catalyst Media Group PLC
29 June 2020
29 June 2020
Catalyst Media Group plc
("CMG" or the "Company")
SIS acquisition of 49's Ltd
The Company notes that Sports Information Services (Holdings)
Limited ("SIS"), in which CMG has an approximate 20.54% interest,
has today announced the acquisition of 49's Ltd ("49's") from GVC
and William Hill.
As a result of the acquisition, SIS will take ownership of 49's
market-leading live draws product and the famous virtual
horseracing brands Portman Park, Sprint Valley, and Steepledowns as
well as virtual greyhounds from Brushwood and Millersfield.
The acquisition of 49's is a perfect strategic fit for SIS's
ever-expanding product portfolio and the brands fit within SIS's
existing 24/7 racing channels that have been so successful both in
the UK and especially with international retail and digital betting
operators. In addition, SIS is developing a range of new numbers
and virtual content, which will sit under the 49's brand umbrella
and the acquisition complements the great strides made in launching
new products, including the market-leading esports competitive
gaming products now live with bet365.
Enquiries:
Catalyst Media Group Plc
Michael Rosenberg, Non-executive Chairman 07785 727 595
Melvin Lawson, Non-executive Director 020 7734 8111
Strand Hanson Limited 020 7409 3494
James Harris / Richard Tulloch
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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June 29, 2020 02:53 ET (06:53 GMT)
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