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Betting Hero co-founders bought company back from FansUnite

Deals & M&A

Betting Hero co-founders Jai Maw and Jeremy Jakary bought the business back from FansUnite after selling it in 2021, Maw said at a New York industry summit. Maw said Betting Hero had become the only profitable part of FansUnite and that the founders sought to remove it from the company; the source does not state when the buyback occurred.

The buyback changed ownership of a sports-betting affiliate business previously acquired by FansUnite.

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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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