Flutter Entertainment plc / NSX Group / combined Flutter Brazil business
Completed · As at · Announced
Transaction
- Buyer
- Flutter Entertainment plc
- Target
- NSX Group / combined Flutter Brazil business
- Stake
- 56% · Flutter Entertainment plc
- Consideration
- $348m cash plus Betfair Brazil contribution for 56% · Flutter Entertainment plc, Flutter Entertainment plc
Announced in 2024, completed in 2025. · Flutter Entertainment plc, Flutter Entertainment plc
Do not divide cash by 56% to infer valuation: consideration also includes a business contribution. · Flutter Entertainment plc, Flutter Entertainment plc
Year-five and year-ten put/call arrangements are not current completed ownership. · Flutter Entertainment plc, Flutter Entertainment plc
The annual filing reports $348m cash and a $40m fair value for contributed Betfair Brazil business. Its $674m acquisition-accounting total also includes $254m non-controlling interest and $32m pre-existing-relationship settlement; it is not cash paid for the 56% stake. · Flutter Entertainment plc
Timeline
- · Completed · Flutter Entertainment plc
- · Announced · Flutter Entertainment plc
Sources
- Flutter Entertainment plc: Creation of Flutter Brazil with NSX acquisition ·
- Flutter Entertainment plc: Flutter announces completion of NSX acquisition ·
- Flutter Entertainment plc: Flutter FY2025 Form 10-K: NSX acquisition accounting
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