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Lottery.com agrees to acquire 90% of Dubai-based Nook Holdings for about $2.5m

Deals & M&A

Lottery.com said it signed an amended agreement to acquire a 90% stake in Dubai-based Nook Holdings for approximately $2.5m in cash. The company expected the transaction to close by the end of June 2025 and said parts of its international sports operations would be integrated into Nook’s facilities. Nook would operate under Lottery.com-owned Sports.com branding after closing.

The proposed acquisition would give Lottery.com control of a Dubai sports and wellness incubator for its planned regional operations.

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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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