Entain to Purchase Angstrom Sports

The business said on Monday that it intends to purchase Angstrom Sports, a specialist in sports modelling, forecasting, and data analytics.

Entain to Purchase Angstrom Sports

Entain, a multinational company that offers gaming, interactive entertainment, and sports betting, revealed information about a recent purchase. The business said on Monday that it intends to purchase Angstrom Sports, a specialist in sports modelling, forecasting, and data analytics, in a deal with a potential payment of up to £203 million ($265.5 million).

According to Entain, the purchase of Angstrom Sports will cost a total of £81 million ($106 million) plus a further contingent payment that might reach a maximum of £122 million ($160 million).

This contingent payment would be due over the course of three years following the acquisition's closure. According to Entain's most recent statement, the acquisition agreement is anticipated to be finalised somewhere in the third quarter of this year.

A well-known expert in data analysis, forecasting, and next-generation sports modelling is Angstrom Sports. To aid with forecasting and smart pricing, the organisation employs simulation-based predictive modelling. Angstrom Sports' current offering for US betting markets and products distinguishes out for its richness, quickness, and accuracy.

The purchase occurs at a busy time for Entain. The business just recently announced that it would pay about £750 million ($945 million) to buy STS Group, the largest sports betting provider in Poland. Entain now wants to strengthen its internal capabilities by purchasing Angstrom Sports. In reality, the firm has improved its pricing and analytics capabilities for its sports betting products targeted at US customers as a result of the merger.