Flutter Entertainment plc (ISE:FLTR) agreed to acquire Tombola Limited for approximately £400 million on November 18, 2021. Tombola reported revenue of approximately £160 million and EBITDA of £38.5 million in its financial year to end April 2021. The transaction is conditional on merger control clearance by the UK Competition and Markets Authority and is expected to complete in Q1 2022. Houlihan Lokey, Inc. acted as financial advisor to Tombola Limited.

Flutter Entertainment plc (LSE:FLTR) acquired Tombola Limited on January 10, 2022. The transaction has received all necessary regulatory confirmations with respect to the acquisition. The transaction has been fully funded through the Group's current cash and debt facilities.