Betway owner Super Group to float in New York via SPAC deal
The acquisition by a so-called ‘blank cheque’ company values the sports betting group at around US$5bn. image credit: Silvi Photo / Shutterstock
Betway owner Super Group has been targeted in a SPAC deal valuing the online betting group at around US$5bn.
The Sports Entertainment Acquisition Corp (NYSE:SEAH) vehicle is to acquire the company and bringing the online betting firm onto the New York Stock Exchange.
Concurrently, Betway is acquiring a US sports betting company called Digital Gaming Corp to add access to 10 US states.
In Monday’s pre-market the SEAH vehicle is indicated around 7.46% higher at US$10.51 per share.
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Betway owner Super Group to float in New York via SPAC deal proactiveinvestors.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from proactiveinvestors.co.uk Daily Mail and Mail on Sunday newspapers.