Gambling.com Group Limited (NasdaqGM:GAMB) agreed to acquire freebets.com for $42.5 million on March 21, 2024. The Company will acquire these assets for a total consideration of between $37.5 million and $42.5 million, consisting of $20.0 million paid on closing, $10.0 million paid on the six-month anniversary of closing and between $7.5 million and $12.5 million to be paid on the one-year anniversary of the closing subject to the revenue performance of the assets during the remainder of 2024. Gambling.com Group expects to fund the purchase price from existing cash on hand, borrowings under the recently announced credit facility and future cash flow.

The transaction is subjected to close at the beginning of April, subject to customary closing conditions.