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BETesporte becomes X1 Brazil’s master sponsor

Deals & M&A

BETesporte signed an agreement to become master sponsor of X1 Brazil, gaining the event’s naming rights. The partnership debuted at the competition’s quarter-finals on Monday 24 November, and BETesporte introduced a season-champion betting market for the tournament.

The agreement gives BETesporte naming rights and adds an X1 Brazil-specific betting market to its offering.

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Deals & M&A

Capula takes €65 million positions in CIRSA-Lottomatica merger

Capula Investment Management has taken positions in CIRSA and Lottomatica ahead of their proposed merger, reportedly seeking to benefit from a difference in their share prices and the exchange value. Its declared CIRSA exposure is about €30 million, while its short position in Lottomatica is valued at about €35 million; the integration is planned for Q2 2027, subject to approvals.

Capula Investment Management has reportedly taken positions in CIRSA and Lottomatica ahead of their planned merger. The arbitrage strategy seeks to benefit from differences between the companies' share prices and the value resulting from the deal.

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